Big growth expected in Reliance Industries shares, good news for investors

Are you also thinking of investing in Mukesh Ambani’s Reliance Industries? So there is a good news for you. Reliance Industries shares are expected to rise by 36% from the current level. Recently, two big foreign brokerage firms, Morgan Stanley and JP Morgan, said in their reports that the company’s shares may soon see a big jump. Both the firms have adopted a positive stance on it and have given it an ‘Overweight’ rating, which is creating an atmosphere of enthusiasm among investors.

What was said in the report?
The JP Morgan report said that the margins of Reliance Industries’ refining business, which were quite weak earlier, are now showing signs of improvement. Additionally, the slow pace of sales growth in the retail business, which was one of the reasons for the recent decline, is now gradually improving. Due to these reforms, further growth in Reliance shares is expected.

This may prove to be a good time for Reliance Industries investors, especially when there are signs of improvement in the company’s plans with the positive outlook of big brokerage houses.