Reliance Industries stock in bear grip but CLSA sees 30% upside
Thu, Nov 14, 2024 3:22 PM

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

A Flip by Shubhangi Gupta
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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.

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