Key Points
Analysts are at their most bullish on billionaire Mukesh Ambanis Reliance Industries Ltd. since January 2016 amid a dip in the share price of Indias largest company...
The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices..
Thirty-three of the 38 analysts that cover the conglomerate have buy ratings, with many citing attractive valuations as well as optimism for its various oil-related, consumer and telecom businesses..
The planned listing of the companys Jio Financial Services Ltd. later this year could drive value unlocking and is a potential key trigger for the stock," said Hemang Khanna, an analyst at Nomura Financial Advisory & Securities India Pvt..
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