14/11/2024, 3:22:04 pm

Reliance Industries stock in bear grip but CLSA sees 30% upside

For investors in Reliance Industries (RIL), foreign brokerage CLSA’s recent prediction of a 30% upside in the stock might come as a respite, especially amid the sell-off in the counter, which has pushed it into bear territory. RIL’s share price has declined 22% from its 52-week high of ₹1,608.95 as the Indian stock market faces significant selling pressure.