{"id":454840,"date":"2021-12-08T11:30:48","date_gmt":"2021-12-08T06:00:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454840"},"modified":"2021-12-08T11:30:48","modified_gmt":"2021-12-08T06:00:48","slug":"goldman-raises-ril-price-target-to-rs-3185","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goldman-raises-ril-price-target-to-rs-3185\/","title":{"rendered":"Goldman raises RIL price target to Rs 3,185"},"content":{"rendered":"<p>Mumbai: Goldman Sachs has raised its price target on Reliance Industries by 12% to \u20b93,185 as it expects the company&#8217;s new energy business to be one of its growth drivers alongside retail and telecom. Reliance shares gained 0.8% to close at \u20b92,382 on Tuesday.<\/p>\n<p>&#8220;RIL NSE 1.46 % is adopting a manufacturing approach to net zero emissions with a hyper integrated model spanning solar, battery and hydrogen and a focus on net zero supply chain,&#8221; said the brokerage in a note to clients on Tuesday, while reiterating its &#8216;buy&#8217; rating on the stock. &#8220;Returns for New Energy is materially higher versus old energy while cost of capital is materially lower implying significant value creation.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Goldman Sachs has raised its price target on Reliance Industries by 12% to \u20b93,185 as it expects the company&#8217;s new energy business to be one of its growth drivers alongside retail and telecom. Reliance shares gained 0.8% to close at \u20b92,382 on Tuesday. &#8220;RIL NSE 1.46 % is adopting a manufacturing approach to net zero emissions with a hyper integrated model spanning solar, battery and hydrogen and a focus on net zero supply chain,&#8221; said the brokerage in a note to clients on Tuesday, while reiterating its &#8216;buy&#8217; rating on the stock. &#8220;Returns for New Energy is materially higher [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-454840","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454840"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454840\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}