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Reliance share price: Goldman Sachs sees 31% upside potential amid promising growth outlook | Stock Market News
2025-04-22 13:45:03| Spiritual Career Counseling
Reliance Industries Limited (RIL) has faced significant stock price fluctuations over the past year, with a decline of over 22 per cent from its peak of 1,608.95 in July 2024. However, global brokerage Goldman Sachs maintains a bullish stance on the stock, reiterating its 'Buy' rating with a price target of 1,640 per share, indicating a 31 per cent upside from current levels.The oil-to-telecom giant has seen a 15 per cent decline in the last year but showed signs of recovery in March, gaining over 6 per cent after a 5 per cent drop in February. In January, too, RILs stock price saw a 4 per cent increase. Goldman Sachs attributes this volatility to sectoral challenges but remains confident about the companys long-term growth trajectory.What to expect from RIL Q4 results?Goldman Sachs expects RILs core EBITDA to remain largely flat on a sequential basis in Q4FY25. However, the key investor focus is likely to be on the retail segments growth trends. Additionally, Jio's revenue is pr...
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