Archive · 1 Jul 2025
Reliance Shares Rise on Solar Business Expansion
Reliance Industries' stock price went up because experts think its solar energy plans will make the company more valuable.
A financial firm believes the stock could reach a higher price.
Reliance is building solar panel factories and plans to produce a lot of solar energy.
They have already started making high-efficiency solar panels.
Experts predict this move will significantly boost profits and potentially increase the company's overall value.
Reliance Industries Ltd. (RIL) shares increased on Tuesday.
Brokerage Nuvama raised its price target to Rs 1,801.
The price target increase is due to the company's solar module business expansion.
RIL commissioned its first line of Heterojunction Technology (HJT) solar panels.
Nuvama estimates solar could add Rs 3,800 crore to net profit.
- Who
- Reliance Industries Ltd. (RIL) and Nuvama Institutional Equities.
- What
- RIL share price increased and the price target was raised.
- When
- Tuesday.
- Where
- Not specified.
- Why
- Due to expansion in the company’s solar module business.
- Company
- Reliance Industries Ltd. (RIL)
- Brokerage
- Nuvama Institutional Equities
- Price Target
- Rs 1,801
- Stock Movement
- Increased
- Focus
- Solar Module Business
- Current Capacity
- 1GW