Top brokerages bullish on Reliance, raise price targets

Mumbai: Analysts at most top brokerages raised or retained share price targets on Reliance Industries (RIL) following the company‘s March quarter results which were mostly in line with estimates. The stock fell 1.4% to close at ₹2,919.5 on Tuesday The average analyst price target on Reliance after the fourth quarter results stood at ₹3,113.94 – implying an upside of 6.67% over Tuesday’s closing.