CLSA values Reliance’s solar biz at $30 bn; sees 70% upside potential in stock
The global brokerage says that the market is ignoring RIL’s new energy business; the stock is offering an attractive entry point to play important catalysts in 2025.
The global brokerage says that the market is ignoring RIL’s new energy business; the stock is offering an attractive entry point to play important catalysts in 2025.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
11 analysts have offered long term price targets for RIL at an average level of ₹2,817.89, indicating an upside potential of around 24% from the current market price.
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
Most of the brokerages have recommended “Buy” rating on RIL shares post Q3, projecting the stock to rise up to 31% from the current market price.