NIFTY 50

Bernstein raises Reliance target price; here's why it sees 35% upside potential

Updated : July 15, 2021 12:43:43 IST

Bernstein has maintained its overweight stance on Reliance Industries Ltd (RIL) but has upgraded its target price to Rs 2,830 – 35 percent upside potential from current levels.

The firm is raising the target price on an expectation of new investments which are going to emerge for RIL. According to Bernstein, clean energy has the potential to be value accretive.

The brokerage house is hopeful with the Aramco investments.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

To watch other videos in this series, click on the Standout Brokerage Report tab below.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you