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