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RIL shares rise on Citi's 'buy' call
Business Standard
|November 26, 2024
US brokerage has raised scrip target price to ₹1,530, an upside of over 18%
Shares of the Mukesh Ambani-led Reliance Industries (RIL) surged over 2 per cent to ₹1,290 on Monday after Citibank upgraded the stock from 'neutral' to 'buy' rating, citing favourable risk-reward dynamics.
The US-headquartered brokerage has raised the target price for the scrip to ₹1,530, implying an upside of over 18 per cent from the current market price.
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