RIL share price target 2024: Mukesh Ambani’s company India's top-valued firm - BUY?
ril share price target 2024: mukesh ambani’s company india's top-valued firm - buy?
RIL share price target 2024: Shares of Mukesh Ambani backed, Reliance Industries rose 4% on Wednesday, raising its market capitalization to more than Rs 20 lakh crore and helping benchmark indexes end at record highs. The market bellwether stock rose 4.09 percent to Rs 3,027.40 on the BSE. During the day, it rose 4.41 percent to a record high of Rs 3,037.
The company's market valuation increased from Rs 80,359.48 crore to Rs 20,48,282.28 crore. Reliance Industries is the country's most valuable company by market capitalization (mcap).
Reliance Industries Share Price Today
On the NSE, it rose 3.87 percent to Rs 3,021.10. The 30-share BSE Sensex advanced 620.73 points, or 0.80%, to a new closing high of 78,674.25. During the day, it rose 705.88 points, or 0.90 percent, to a new record high of 78,759.40. Reliance Industries alone contributed 352 points to the increase in the Sensex.
The Nifty rose by 147.50 points, or 0.62 percent, to a record closing high of 23,868.80. Intra-day, it rose 168.6 points, or 0.71 percent, to a new lifetime high of 23,889.90.
So far this year, the blue-chip stock is up more than 17%. In terms of volume, the company's shares traded at 7.23 lakh on the BSE and 110.07 lakh on the NSE on Wednesday.
Reliance Industries Share Price Target
Kotak Institutional Equities in its June 26 report has recommended 'ADD' rating when the current market price of company was Rs 2,908 apiece. The Brokerage firm has set the fair price at Rs 3,200 apiece with a upside of 10 per cent.
Reliance Industries Share Price History
Reliance Industries is a component of the BSE Sensex. According to BSE analytics (as of June 26), shares of Reliance Industries Limited have fallen by 3.78 per cent and 3.46 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and 3 months, shares of the RIL gained by 2.28 per cent and 4.97 per cent, respectively. On a YTD basis, shares of the company up by 16.89 per cent. In the past 1 year, 2 years, 3 years, 5 years and 10 years, shares of the company climbed by 31.50 per cent, 31.16 per cent, 55.87 per cent, 155.67 per cent, and 554.21 per cent, respectively.