Hydrogen to be 10% of RIL’s earnings by 2030, $10 billion in value: Morgan Stanley
By the end of this decade hydrogen and related ecosystems will create a $10bn value for Reliance Industries Ltd (RIL) and account for nearly 10% of RIL’s earnings as the company invests nearly $4-5 bn in new energy businesses, said global brokerage Morgan Stanley in a report.
The brokerage firm has upgraded RIL’s target price by 20% to Rs 3,253 a share, reiterating its overweight rating on the stock. RIL’s shares hit a 52 week high on Thursday at Rs 2765.50, up 1.73%.
