This Large Cap Stock Has The Potential To Double Every 2 Years

RIL globally has now been included in the World's best 75 club commanding a market capitalization of Rs. 8,00,922.14 crore as per BSE. Furthermore, its Chairman and MD adds one or the other feather in his cap every now and then. Only recently, he has topped the Forbes' list of the world's richest sports team owner.

And when it comes to it stock, there is no misses in that too. In a period from March 1, 207 to March 6, 2019, when the stock of RIL was trading at Rs. Rs 1,262 on NSE and Rs 1,263.55 on BSE, RIL gave a stupendous return of 105%. The company's businesses spans petrochemicals, oil and gas, refining, digital services, media business, Ajio fashions, retail stores, telecom business etc.

While its Oil and Gas business is the major cash cow for the conglomerate, the retail and telecom segment with a strong footprint in both revenue and store has the potential to give goosebumps to any other business entity in the country. Also, the company's telecom arm Reliance Jio is likely to go public in times to come. So, with presence in all such segments such as e-commerce, retail and telecom that has the potential to fuel faster growth in the next 4-5 years in comparison to overall growth till date, the stock of RIL is a good bet.

Fresh investors can take the buy call in the stock with a long term investment outlook and also current investors with position in the stock should remain invested in the stock.

In RIL's 41st AGM meeting last year, Ambani said, "As Reliance transitions to become a Technology Platform Company, we see our biggest growth opportunity in creating a hybrid, online-to-offline New Commerce Platform. We shall create this by integrating and synergising the power of Reliance Retail's physical marketplace with the fabulous strengths of Jio's digital infrastructure and services."

Technically, the target price of Rs. 1290- Rs. 1310 is suggested for the stock in the next few weeks.

Also, with strong financial performance in the third quarter ended FY'19 with revenue and net profit growth of 55.9% and 8.8% respectively, RIL gives a good investment option to investors with possibly a medium term investment outlook.

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