Reliance Industries share price targets go up to as high as ₹1,710 post Q4 results
Shares of Nifty 50 heavyweight and oil-to-telecom-to-retail conglomerate Reliance Industries Ltd. will react to their fourth-quarter results on Monday, April 28. Analysts tracking the stock have maintained their bullish stance, with the highest price target projecting a potential upside of as high as 31%.
It was a resilient quarter for Reliance Industries, with the acceleration of retail business growth being a key positive. Retail revenue grew 15.6% from last year, and analysts mentioned that any figure above 15% would be a positive surprise.
Although the O2C business was subdued, it was higher than estimates on better realised margins and marketing contribution.
Jio also delivered on expected lines.
Jefferies maintained its “buy”…
