how much return
So far in 2022, the stock of Reliance Industries has given 13.05 percent return. At the same time, its share return has given a return of 10.14 percent in just one month. It has gained 4.85 per cent in the last 5 days. You must be thinking that these returns are very less. But the real thing is that Reliance is a large cap company and the specialty of such companies is to give stable returns with very little risk.
1 year return
In the last one year, the stock of Reliance Industries has given 42.55 percent return. At the same time, its return in 5 years has been 291.19 percent. Today the company’s stock closed at Rs 2717.50 with a gain of 2.90 percent on NSE. The market capital of the company at this price is Rs 18.39 lakh crore. Its last 52-week high is Rs 2,751.35 and low is Rs 1,876.70.
how far will it go next
There are two targets for Reliance Industries. Two different brokerage firms have two different targets for the company. The first of these is Rs 2780. If it goes up to Rs 2780 from the current rate of Rs 2717.50, it can easily earn you Rs 62.50 per share in the short term. However, this return in percentage is 2.30 per cent.
what is the next target
The second target for Reliance Industries is Rs 3200. If it goes up to Rs 3200 from the current rate of Rs 2717.50, then you can comfortably get a return of 17.75 percent. The question is, why can the stock of Reliance go up? According to experts, more than doubling of natural gas prices and rise in oil prices will boost Reliance’s profitability, resulting in a rise in its stock.
profit from oil boom
According to Morgan Stanley, Reliance seems to be benefiting from the boom in oil. It has said in one of its reports that Reliance is a company benefiting from persistently high oil prices. Especially in an environment where oil demand is rising and it is supported by refinery margins and US and Asian gas prices. Another area where RIL benefits from higher oil prices is the increase in petrochemical average selling prices.