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Bank of America Securities Reaffirms Their Buy Rating on Reliance Industries Limited (RELIANCE)

Bank of America Securities Reaffirms Their Buy Rating on Reliance Industries Limited (RELIANCE)

In a report released on June 26, Sachin Salgaonkar from Bank of America Securities maintained a Buy rating on Reliance Industries Limited (RELIANCE – Research Report), with a price target of INR1,630.00. The company's shares closed yesterday at INR1,515.40.
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According to TipRanks, Salgaonkar is ranked #1235 out of 9622 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Reliance Industries Limited with a INR1,546.20 average price target, which is a 2.03% upside from current levels. In a report released on June 25, Citi also maintained a Buy rating on the stock with a INR1,690.00 price target.
The company has a one-year high of INR1,608.95 and a one-year low of INR1,115.55. Currently, Reliance Industries Limited has an average volume of 858.6K.
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