Reliance shares cross 2100, is there still a chance to make profit? Expert opinion

Reliance Industries shares have given tremendous profits to investors. In less than six months, Reliance’s stock has crossed Rs 908 to Rs 2100. But is there still an opportunity to invest in it? Can you benefit from investing in it now? Let us know the opinion of experts.

Reliance shares cross 2100, is there still a chance to make profit? Expert opinion

In just a week, Reliance shares have risen nearly one per cent. On Wednesday, Reliance’s stock is hovering around Rs 2122 and its market capital has increased to Rs 13.45 lakh crore.

Continued success

Reliance Industries, which has achieved a tremendous position in the business of refining, petrochemical, telecom to retail, is constantly flagging success. The stock of this company has been the choice of both long-term and short-term investors for a long time. Most analysts have advised buying shares of the company. The management of the company is now making changes to make it a strong player in the retail and digital world.

Amidst the lockdown of investment queues , most of the companies are upset, in the last six months there has been a competition of investment in Reliance Group companies. More than a dozen foreign companies have invested about Rs 1.65 lakh crore in Reliance Group company Jio Platforms. Now the investment in Reliance Retail has also started. On Wednesday, American investor Silver Lake Partners announced an investment of Rs 7500 crore in Reliance Retail.

Reliance itself has announced to buy retail, Wholesale business of retail giant Future. The company has already become debt free from its target of March 2021. The effect of all this is that Reliance shares are constantly getting stronger. Experts say that Reliance is now starting to match veterans like Amazon and Walmart.

The group’s telecom venture Jio has also become the market leader and has benefited from the Supreme Court’s decision on AGR. Fitch believes that Jio’s market share will increase in the next months. Reliance Group is going to give special emphasis on new technologies like e-commerce and 5G ahead.

So what now for you buy or not reliance shares

research firm Nomura has set a target of Rs 2,450 while recommending to buy Reliance shares. The firm says that the future of the company can be better by buying future retail business. That is, there are still opportunities to earn profit in this stock.

Another brokerage firm BofA has fixed a target of Rs 2,355 for this while advising Reliance to buy. Kotak Institutional Equities has also advised to buy Reliance Industries shares.

Jyoti Roy, deputy vice president of Angel Broking, said, “Our view on Reliance Industries is positive and we hope that its digital and retail businesses can become the growth drivers for the company.” Apart from this, the business of chemical business of Reliance oil can also improve in the next financial year. We have maintained the purchase rating for Reliance and set a target price of Rs 2,366 for it.