{"id":621560,"date":"2023-12-07T10:51:44","date_gmt":"2023-12-07T05:21:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621560"},"modified":"2023-12-07T12:09:31","modified_gmt":"2023-12-07T06:39:31","slug":"reliance-industries-continues-to-be-on-jefferies-buy-list-with-price-target-of-rs-2990-upcoming-renewable-ventures-key-positive","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-continues-to-be-on-jefferies-buy-list-with-price-target-of-rs-2990-upcoming-renewable-ventures-key-positive\/","title":{"rendered":"Reliance Industries continues to be on Jefferies \u2018Buy\u2019 list with price target of Rs 2,990; upcoming renewable ventures key positive"},"content":{"rendered":"<p>Jefferies has recommended a \u2018Buy\u2019 call on Reliance Industries, with a target price set at Rs 2,990 per share. The recommendation comes in anticipation of Reliance Industries\u2019 ambitious plans to commission Phase I of its photovoltaic (PV) module and storage capacity by mid-calendar year 2024. <\/p>\n<p>Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability. However, the brokerage firm remains optimistic about the outlook for Reliance Industries, citing several factors that could positively influence the company\u2019s renewable ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jefferies has recommended a \u2018Buy\u2019 call on Reliance Industries, with a target price set at Rs 2,990 per share. The recommendation comes in anticipation of Reliance Industries\u2019 ambitious plans to commission Phase I of its photovoltaic (PV) module and storage capacity by mid-calendar year 2024. Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability. However, the brokerage firm remains optimistic about the outlook for Reliance Industries, citing several factors that could positively influence the company\u2019s renewable ventures.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-621560","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621560","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621560"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621560\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}