RIL's share rose by approximately 2% today, becoming one of the top gainers on the Nifty. Investor confidence has increased due to bullish reports from Morgan Stanley and Motilal Oswal. Morgan Stanley has set a target of ₹1,701 and an 'Overweight' rating, while the NAV of the New Energy segment has been increased by 20%.
RIL share price: RIL's share has gained 2% and is among the top performers on the Nifty. Morgan Stanley has given an 'Overweight' rating with a target of ₹1,701 for the stock, and has also raised the Net Asset Value (NAV) estimate for the New Energy segment by 20%. The report states that the company will benefit from China's anti-involution policies, opening up new business opportunities in the energy, solar, consumer retail, and telecom sectors. Motilal Oswal has also reiterated its 'BUY' call for RIL with a target of ₹1,700.
Positive Momentum Continues in the Market
On September 2nd, the stock market witnessed broad-based buying. Both Sensex and Nifty, the major benchmark indices, were trading higher. Around 12 PM, the Sensex was trading at 80,704.21, up by 339.72 points or 0.42%, and the Nifty was trading at 24,740.50, up by 115.45 points or 0.47%. Today, a total of 2,576 stocks advanced, 880 declined, and 122 remained unchanged. The intraday high for Sensex was recorded at 80,849, and for Nifty at 24,747.
Reason for RIL's Surge
The primary reason for the surge in RIL is the bullish report from brokerages. Morgan Stanley highlighted that the Reliance group will be the biggest beneficiary of China's anti-involution policies. This policy aims to restructure the energy and solar supply chain. The brokerage estimates that this will create new business opportunities for RIL.
The company's investments in the consumer retail and telecommunication sectors, aligned with anti-involution strategies, are also proving fruitful. Morgan Stanley stated that these investments could lead to a $20 billion increase in the NAV of the company's New Energy segment and a 17% rise in EPS in FY2028.
Domestic Brokerage's Perspective
Domestic brokerage house Motilal Oswal has also maintained its focus on RIL's stock. They remarked that the company's 48th Annual General Meeting has "set the stage for value creation over several decades." Motilal Oswal has reiterated its 'BUY' call on RIL's stock with a target of ₹1,700.
Signals for Investors
The surge in RIL's stock is an encouraging sign for investors. According to brokerage houses, the company's investments in the New Energy and Solar segments could yield b returns in the future. Investor confidence has boosted, and its impact on the stock market has led to buying across both the Nifty and Sensex.
RIL Shines Amidst Sensex-Nifty Rally
Technically, RIL's share has maintained significant support levels, and the stock has seen an upward trend due to buying pressure. The broader market today showed a positive momentum in both Sensex and Nifty, increasing investor interest in large-cap stocks like Reliance.
Analysts suggest that RIL's New Energy segment, solar, and other strategic investments can become a source of b revenue and profit for the company in the coming years. Both foreign and domestic brokerages have issued bullish ratings for the stock, further strengthening investor confidence.
