Reliance industries Ltd is one of the leading companies in India which is dealing many core businesses. This company is not only present in traditional business, but it is also bringing new businesses in near future too. The shares of Reliance industries are something which every person wants to have in its portfolio. In last one year, this stock has given 40.75% returns and 142% in last 5 years. However, if we compare this stock from its inception then it has given 8994% returns. Thus, we can say that Reliance stock has made life of many investors. Most of the financial advisors are positive on the Reliance stock in near future.
The good point of Reliance Industries stock in 50.30% holding of the promoters. The stock of Reliance is trading at the 2.68 times of the book value. Another issue with the company is low return on the equity as compared to other stocks in last three years. This stock comes in the category of moderate risk segment. Reliance industries is a good quality stock with Bullish technical trend, but valuation is slightly higher. The main concern of big companies like Reliance is decreasing net profits. In recent times, the cost of some of the projects of company are also rising.
In mean time, Reliance stock looks good and may be moving towards new heights. So people can invest in this stock for 10 to 15% returns in the near future.
Current Price of Stock - Rs 2954
Trend for the Stock - Positive in Near Future
Up Trend - 10 to 15% in Six months
Stop Lose - Rs 2900
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