D-Street analysts expect 2024 to be an eventful year for Reliance Industries as the past two years of investments move into the monetization phase. "We think investment cycles will be shorter than in the past 2 decades, with limited impact on balance sheet leverage," global brokerage Morgan Stanley said.
Reliance Industries shares hit a fresh all-time high on Thursday. The market cap of India s largest company also crossed the Rs 18 lakh crore mark. As the Q3 earnings season begins today, Reliance remains on the top of the buying list of major brokerage houses. Goldman Sachs recently increased its target to Rs 2,885 from Rs 2,660 earlier. Jefferies has an even higher target price of Rs 3,125 for the stock.
Reliance Industries Limited shares have jumped sharply over the past few trading sessions. While it has pared some gains on Wednesday, analysts remain optimistic about its future performance. Will the stock hit a record high soon? Here is all you need to know.