Reliance Share Price Update: 30 May 2024 📈
Reliance Industries Limited’s share price was trading at ₹2,854 on Thursday, 30 May 2024, with a decrease of 0.96%. The company had seen a 0.53% drop the previous day, trading at ₹2,896.95 on Wednesday, 29 May 2024.
BNP Paribas analysts have reported that Reliance Industries’ store-space expansion is gaining momentum. The company’s revenue has significantly increased due to the commencement of production in upstream oil and KG-D6 gas fields.
Experts believe that Reliance Industries’ green energy businesses in solar, battery, fuel cells, and hydrogen are showing promising prospects. Many analysts have given an ‘outperform’ rating on Reliance Industries’ shares.
According to BNP Paribas experts, the EBITDA of Reliance’s telecommunications business is expected to increase by 11.5 times by the financial year 2025-2026. It is also projected that Reliance Retail’s EBITDA may increase by 35 times by the financial year 2025-26.
Experts predict that the EBITDA value of Reliance Industries’ Oil to Chemicals division may increase by 7.5 times by the financial year 2025-26. In the coming days, Reliance Industries’ share price could reach up to ₹3,239, as per BNP Paribas analysts.
Over the past year, Reliance Industries’ share price has surged by 14.93%. In the last six months alone, the company’s share price has increased by 20.67%.
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