An opportunity to invest in Mukesh Ambani’s company, it can get 19% returns in 1 year, Credit Suisse offers advice in stock
Heavyweight Reliance Industries has grown 12% in the first 7 months of the year 2018.
If you want to earn money from the stock market, then you have the best chance. Global Brokerage House Credit Suisse has advised investment in the stock of Mukesh Ambani’s Reliance Industries Limited (RIL). Credit Suisse has raised the target price of Reliance Industries’ stock price to Rs 1,180. With Monday’s closing price, RIL’s stock can get returns up to 19 percent.
RIL will get such support
According to the Brokerage House, Reliance Industries’s business will help grow with Reliance Jio and Petkoc Gasification. According to the report, Reliance Jio has the potential to become a valued company. Reliance Industries will get a lot of support from Geo’s growth. Apart from this Petakok Gasification will help Reliance Industries to increase the refining margin.
Stocks up 12 percent in 7 months
Between the market volatility and the first 7 months of the year 2018, Heavyweight Reliance Industries has seen a 12 per cent growth in stock. On January 1, 2018, the price of RIL stock was 911.55 rupees. On July 10, 2018, the stock reached a price of 1024.90 rupees. During this, the stock rose by 12.43 per cent.
Returns at 19% in 1 year
Brokerage house Credit Suisse has raised the target price in the stock of Reliance Industries to Rs 1180. With Monday’s closing price, RIL’s stock can get up to 19% returns. On Monday, RIL’s stock closed at Rs 995.65.
(Note- Investment advice is given by brokerage house, please check any kind of advice at your level or through your experts. There are risks of investing in the market, therefore vigilance is necessary.)