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Reliance Industries stock, short term and Long term Price targets

 Relaince Industries stock Buy, sell or hold ?

Reliance Industries Ltd is such a business group of India which has made India famous all over the world. The management of Reliance Industries has always given good returns to the shareholders of its company. The stock of Reliance Industries has not shown much movement since last few years. In such a situation, a question remains in the mind of long term investors whether it would be right to invest in Reliance Industries shares from long term point of view? Let us understand how far the share price of Reliance Industries can go in the coming years.

  Reliance Industries Q4 results 2023:

If we look at the results of the Q4 of Reliance Industries, then the company has presented better results than the expectations of the market. Reliance Industries net profit at Rs 19,299 crore for the March quarter of the financial year 2022-23 which is up 19% from the year-ago period. Negative factor for reliance Industry is that Debit of the company rose.

Year-on-year Gross revenue rise of 2.8% reached Rs 2.39 lakh crore. EBITDA increased by 21.8% year on year (YoY) in Q4 results reached Rs 41,389 crore. Let us tell you that EBITDA beat estimates and the market was led by its O2C and Jio segments but company retail segment could not perform well.

Company has lot of expectations from Jio 5G capex which could open up the next growth story for Relaince industries  on the other hand , recent softness in refining margins bit worry factor but could reverse with healthy US demand and China reopening.

Valuations of reliance Jio & Reliance Retail:

As per Market expectations, an equity valuation of Reliance Jio will come around  Rs 800 per share where as Equity Valuation of Reliance retail comes around  Rs 1,354 per share. Also Market is expecting stake sake in the coming months which may be value unlocking for reliance Industries.

Now Let us understand what will be the long term and short term price targets of reliance industries stock.

What will be the long term targets of reliance Industries stock?

As we have discussed above the recent results and value unlocking expectations for the Reliance industries . Long term Investors should keep this stock into their portfolio’s . In the coming months, we may see new base sharp run up into the reliance Industries stock price which may take this stock to 2700rs to 2850rs price levels .

What are the short term targets of Reliance Industries?

Short term targets can always be on the base of Technical analysis. For our website visitors, We tried our levels best to best best technical levels of Reliance Industries stock.

 Buy Reliance Industries stock if:

If the stock market condition will stay good in the coming days then Relaince Industries stock may perform well. But We suggest buy in reliance Industries stock only If it cross 2360rs price levels. Fresh buying only be start if reliance Industries stock will sustain above 2360rs price levels in coming days and In this situation, reliance industries stock can reach up to 2380rs, 2398rs . 2410rs in this case Stoploss will be 2335rs  & If Stock gives close above 2415rs or 2420rs in coming weeks then we may see sharp up move into Reliance Industries stock price which can take it up to 2500rs to 2550rs+ levels.

 Sell Reliance industries Stock If:

If Reliance Industries stock gives close below 2325rs then we may see profit booking into this stock and it can drag this stock upto the price levels of 2300rs, 2280rs, 2270s, 2255rs to 2240rs. If this selling pressure will not stop and Reliance Industries stock will give another close below 2235rs then it can drag stock price up to 2190rs.

Short traders should keep strict stoploss in reliance Industries stock of 2357rs or 2360rs on closing basis.

Disclaimer:  We are not holding any buying or selling Position into the reliance Industries stock. 

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