By Admin 
Reliance Industries Share: The shares of Mukesh Ambani -led company Reliance Industries are trading today with an increase. Recently, brokerage JP Morgan has given a ‘overweight’ rating to RIL shares. Similarly, Bernstein has given it ‘outperform’ and Jefferies has given it a ‘Buy’ rating. These brokerage houses believe that its shares are expected to rise in the company amidst strong possibilities of getting good business in retail and telecom segment. These brokerage is also expected to increase the price of Reliance Industries in the next 12 months.
Brokerage trusts on Reliance shares
JP Morgan has increased the target price on Reliance Industries’ shares to Rs 1.568 per share against Rs 1,530. This target price shows an increase of about 9 percent from the current level. JP Morgan believes that the next two years of results should be better than previous years as Brokerage believes that consumer business growth is expected to change a better change in ‘bottom line’, which will also make the performance good. Let us know that around 10 am today, Reliance shares were trading at Rs 1449.4 with a slight increase of 0.41 percent.
The company will get support from retail and telecom
JP Morgan believes that the company’s income may increase in the coming time due to support from retail and telecom segment. The main reason for the decline in the company’s earnings was seen due to pressure in the commodity margin. However, now this pressure is over. Interestingly, Reliance Industries has a 46 percent share of retail business in the valuation of Reliance Industries. In such a situation, if its performance has improved further, earnings will also improve and there may be a big impact on stock.
Bernstein has given Reliance Industries ‘outperform’ rating with target of Rs 1,640 per share. This means that later the share price will increase by more than 13 %. Brokerage hopes that ‘growth will be stronger after the completion of the store rationalization’.
Jeffers has also given a ‘buy’ rating to Reliance Industries with a target price of Rs 1,650 per share. This means that the current levels are expected to lead by about 14 percent. Jefferies is also expected to improve further retail development. Jio also has the hope of betterment from the tariff outlook.
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