5 Foreign Brokerages That Are Bullish On Reliance Industries

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    Following the 41st annual general body meeting of the company most analysts are bullish on the stock of Reliance Industries.

    The shares have already rallied 10 per cent this week on aggressive layout plans in telecom and retail. Here are 5 foreign brokerages that are bullish on Reliance.

    5 Foreign Brokerages That Are Bullish On Reliance Industries
    Reliance Industries: Quotes, News
    BSE 1096.10BSE Quote3.45 (-0.31%)
    NSE 1097.95NSE Quote1.5 (-0.14%)

    Credit Suisse

    Credit Suisse has placed an outperform rating on the Reliance stock with a price target of Rs 1040. This is about 4-5 per cent higher than the current market price.

    Nomura

    Nomura has suggested buying the Reliance stock with a price target of Rs 1030. This is slightly lower than the target set by Credit Suisse. This means gains of about 3-4 per cent from current levels.

    Jefferies

    Jefferies has placed a "Buy" call on Reliance with a price target of Rs 1,130. This implies a possible upside of close to 11-12 per cent.

    Barclays

    Barclays has put a overweight call on RIL with a target of Rs 1065. This is a good upside of around 7-8 per cent from current levels.

    Morgan Stanley

    Morgan Stanley has placed a buy call on Reliance with a price target of Rs 1062.

    GoodReturns.in

    Read more about: reliance industries
    Story first published: Saturday, June 20, 2015, 10:29 [IST]
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