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Upbeat broker recommendations for Reliance Industries

12th Jun '20 by Ben Hobson

The Reliance Industries (NSI:RELIANCE) share price has risen by 4.94% over the past month and it’s currently trading at 1588.8. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Reliance Industries currently has:

  • 17 Buy recommendations
  • 3 Hold recommendations
  • 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO NSI:RELIANCE »

Looking behind the broker forecasts

At its current price of 1588.8, shares in Reliance Industries are trading at a discount of -4.99% to its 52 week high price. The 1-year performance of the shares has been 16.5%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Reliance Industries it's worth doing some investigation yourself.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Reliance Industries it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Reliance Industries that you can find out about here.

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.

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Share Price
₹1901.15
Change Today
-0.03%
Reliance Industries ( )

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