High-conviction Buy! Reliance Industries shares can rally up to 30%, says JM Financial
“Though high capex is a near-term worry, we reiterate our high-conviction buy on RIL given its industry-leading capabilities across businesses, which is likely to drive robust 13-15% EPS CAGR over the next 3-5 years,” JM Financial said while setting up a target price of Rs 2,900 per share.
