Brokerage firm Goldman Sachs recently announced its prediction on Reliance stock stating that the stock price would increase by 54% by FY 2026.
Reliance - Buy Target
Goldman expected the Reliance shares to reach Rs. 4495 and has mentioned the recommendation to ‘Buy’ the stock.
Reliance - Projected price
Earlier the company had set the Reliance stock price target of Rs. 3400 from Rs. 2925, which is 17% up from its price on 26th March.
Reliance's Revised target
Goldman also projected Reliance Retail’s EBITDA will double by FY24 to FY27.
Reliance - EBITDA growth
Behind this growth are various factors involved including Reliance-Disney joint venture and investment focus towards less capital-intensive ventures.
Reliance - Growth factors
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