why are more brokers bullish now on Reliance?
Reliance is testing 1280 marks and once it crosses the next target is 1320 and 1350.
The govt is undertaking corrective steps post negatives from the budget & any favorable news and push from here shall easily help this stock heads north for the target price of 1450 in next 3 months.
ON the bearish sides do not hold this stock below 1250. The jio factor will be in total focus with broadband players and dth players planning ahead to not go guard off like what happened with telecom space. This shall make JIO really in a tough situation.
Also Read this for a Long term view only : RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco. As per the report, Reliance Industries’ operating cash flow would fall 14 per cent in FY21. Mumbai: Mukesh Ambani-led Reliance …
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