RIL share price target: Goldman Sachs bets on big Reliance Industries, upgrades outlook on earnings

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New Delhi: Mukesh Ambani-led Reliance Industries registered a Rs 70,000 crore jump in market cap backed by Goldman Sachs’ positive outlook on the company earnings cycle. The US brokerage maintained a BUY call on RIL and raised the target price to Rs 4,495 per share.

Reliance share price

Reliance Industries’ share price stood at Rs 2,990 apiece, up 0.07 per cent at 9:42 am on March 28, 2024. The company’s stock opened at Rs 2,994.35 apiece, compared to a closing price of Rs 2,987.85 apiece on Wednesday. The company’s stock hit a high of Rs 2,997 apiece on Thursday and a low of Rs 2,980.20 apiece during the day’s trade. The stock gained 3.60 per cent on Wednesday backed by the Goldman Sachs commentary.

RIL market cap

Reliance Industries market cap stood at Rs 20,23,042.82 crore on Thursday at the time of writing, compared to Wednesday’s closing mcap of Rs 20,21,486.59 crore. Nearly 4.71 lakh shares of Reliance were traded on the BSE on Wednesday. In February, Reliance Industries became India’s first company to hit Rs 20 lakh crore valuation.

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