While some analysts expect a 16 per cent upside in the stock in the near future, some forecast 7 per cent downside.
Reliance Industries (RIL) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its highest quarterly profit. But analysts have mixed views about the stock's prospects in the near term. While some analysts expect a 16 per cent upside in the stock in the near future, some forecast 7 per cent downside.
Reliance Industries, the country's second-most valuable company, has to gain 5 per cent in its stock price to reach $100 billion in market value. India’s largest software exporter TCS crossed this mark recently. Here is what analysts said on RIL post its March results:
