Prabhudas Lilladher recommended accumulate rating on Reliance Industries with a target price of Rs 800 in its research report dated October 14, 2017.
Edelweiss bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1104 in its research report dated October 13, 2017.
JM Financial is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 900 in its research report dated October 15, 2017.
Most analysts expect Jio to be profitable in December quarter itself, which may be boosting sentiment.
RIL-BP combine yesterday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields, sources with direct knowledge of development said.
Operational performance was far better than analysts' expectations, with the EBITDA at Rs 15,565 crore with margin at 16.4% in Q2
Reliance Industries which has a market capitalisation of over Rs 1 lakh crore rose to a fresh record high of Rs 891 on the BSE ahead of its Q2 results for the second day in a row.
The past behavior of stock for the last 5-6 quarters suggest profit booking post result outcome (last quarter was exceptional). The corrective action generally comes in the range of 7-10% percent after result outcome.
The operational performance is likely to be driven by its refining and petrochemical businesses that are expected to be strong. Analysts expect another record quarterly petchem earnings.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
The top gainers in Nifty50 Index were Hindustan Petroleum Corporation which zoomed 4 percent followed by Bharti Infratel and Bharti Infratel which added 3.71 percent and 2.98 percent respectively. From the oil & gas space, Indian Oil Corporation was the top gainer, up 2.15 percent while 2-wheeler manufacturer Bajaj Auto gained 1.92 percent.
Sandeep Wagle of powermywealth.com recommends buying Reliance Industries and Tata Chemicals.
Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Indraprastha Gas, HDFC Bank and Avanti Feeds.
Reliance Industries and Infosys were among the top gainers, up 1.73 percent and 1.36 percent respectively, apart from stocks like Lupin, UPL and Power Grid which gained up to 2.3 percent. In the Nifty50, the advance-decline ratio was in favour of the advances with 29 stocks advancing and 20 stocks declining.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, JSW Steel and L&T Finance Holdings and can sell Bharti Airtel and Cummins India.
Modi met BP Plc Chief Executive Bob Dudley, Rosneft CEO Igor Sechin, Royal Dutch Shell's Project and Technology Director Harry Brekelmens, Saudi Aramco CEO Amin H Naseer, Exxon Mobil President for Gas and Power Rob Franklin, RIL Chairman Mukesh Ambani and Vedanta Resources head Anil Agarwal for over two hours to discuss the global oil and gas scenario.
Mitessh Thakkar of miteshthacker.com suggests buying Reliance Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Reliance Industries and Kotak Mahindra Bank and sell Dish TV.
Ashwani Gujral of ashwanigujral.com recommends buying Avanti Feeds, TV Today, GAIL India, KRBL and Hindustan Zinc.
Reliance, the owner of the world's biggest refining complex at Jamnagar, is joining state-run refiners Indian Oil Corp , Bharat Petroleum Corp and Hindustan Petroleum Corp in importing US crude. The purchase illustrates the vast reach of U.S. oil exports since the government rescinded a decades-long ban at the end of 2015.
Reliance chairman Mukesh Ambani's son Akash said the buyback offer would be available for customers of iPhone8.
In May, RIL had become the first buyer of gas it produced from its own coal bed methane (CBM) block in Madhya Pradesh after agreeing to pay the highest price of USD 4.23 per million British thermal unit (mmBtu) for May-June.
State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th rank in 2016. IOC has been steadily climbing the rankings -- it was placed at No. 66 in 2015.
Prakash Gaba of prakashgaba.com