Shares of reliance Industries, a company led by billionaire businessman Mukesh Ambani, RIL, i.e. reliance Industries, rose 2 percent on Wednesday, june 11, to an eight-month record of Rs 1468. This was the highest level since october 1, 2024. Experts believe that it is expected to go up further. Brokerage firm Motilal oswal Financial services has given it a 'buy' rating. The firm believes that RJIO shares will be the company's biggest growth driver during the financial year 2025-27. The firm says that growth will be seen in retail further. The brokerage firm has set a target price of Rs 1515 on its stock.
More growth opportunities now
However, Geojit Financial services says that there is still a possibility of profit in it due to the rapid expansion of reliance Digital services segments such as home broadband services, possibility of increase in average user income and rollout of 5g services. Along with this, due to the growth of quick commerce and retail business, new opportunities are expected to gain momentum.
In the month of april, the shares of reliance Industries have jumped by about 32 percent from the lowest level of 1155.55. On april 7, the BSE Sensex has registered a jump of 15.4 percent from the 52-week low of 71,425.01. The firm believes that more growth can be seen in the retail segment.
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