Reliance Industries share price hits 4-month high as analysts see earnings boost from O2C and new energy business
Reliance Industries share price today: Shares of Reliance Industries Ltd. (RIL), the country’s most valuable company by market capitalisation, rose nearly 2% in intraday trade on Thursday, November 20, hitting a four-month high of ₹1,542 apiece after analysts maintained their optimistic outlook on the company.
The sentiment was supported by expectations of improved earnings from its oil-to-chemicals business driven by refining strength, along with likely gains from its new energy and battery manufacturing ventures.
UBS has maintained a ‘buy’ rating on Reliance Industries with a target price of ₹1,820, noting that strength in refining is expected to drive an improvement in the company’s O2C earnings. It highlights that the…
