Brokerage Take: Should you buy or sell RIL post Q4?

Apr 24, 2023 ETMarkets.com

Brokerage View

​Reliance Industries on Friday reported a 19% year-on-year (YoY) rise in consolidated net profit for Q4FY23 to Rs 19,299 crore. Consolidated revenue for the quarter under review grew 2% on year to Rs 2.16 lakh crore. Here’s where brokerages see the stock heading. (CMP: Rs 2348) Image Source: ETMarkets.com

JP Morgan

Rating: Overweight | Target Price: Rs 2,960 | Upside Potential: 26% Image Source: ETMarkets.com

Jefferies

​Rating: Buy | Target Price: Rs 3,125 | Upside Potential: 33% Image Source: ETMarkets.com

Motilal Oswal

Rating: Buy | Target Price: Rs 2,800 | Upside Potential: 19% Image Source: ETMarkets.com

HDFC Securities

Rating: Buy | Target Price: Rs 2,637 | Upside Potential: 12% Image Source: ETMarkets.com

Kotak Institutional Securities

Rating: Buy | Target Price: Rs 2,800 | Upside Potential: 19% Image Source: ETMarkets.com

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Brokerage Take: Should you buy or sell RIL post Q4?​