Mukesh Ambani News / Not Adani... now Ambani will rule Dalal Street in 2025, this is the reason

Mukesh Ambani News: Shares of Mukesh Ambani's Reliance Industries are once again showing new hopes for investors. According to a recent report by foreign brokerage house CLSA, Reliance shares have the potential to rise by up to 70% from the current level. Currently, the company's stock is trading at around Rs 1266. However, the stock has declined by about 7.70% in the last one month, but CLSA believes that this decline could be an opportunity for long-term investors.

What does the CLSA report say?

The CLSA report mentions that Reliance's $40 billion new energy business could soon bring big changes in the market. The company's 20 GW solar gigafactory may be ready for launch in the next 3-4 months. CLSA has valued Reliance's solar business at $30 billion, which is still considered quite cheap compared to other listed solar companies. Despite this, Reliance's stock is trading in the five percent valuation range of the new energy business.

2025: Important year for Ambani

According to the report, 2025 can prove to be an important year for Reliance Industries. The company's new energy capacity projects can start in this year, which can give the company new direction and new growth opportunities. Also, there are signs of increasing Reliance Jio's AirFiber subscriber base and the company is also working on the plan of Reliance Jio IPO. Apart from this, Reliance's retail business is also expected to grow. Due to all these factors, investors are seeing special enthusiasm about the future prospects of the company's stock.

CLSA's new target price

CLSA has maintained an 'outperform' rating for Reliance's stock and has set its target price at Rs 1650, which is about 30% higher than the current level. Apart from this, the report also mentions a blue-sky scenario, in which Reliance shares can give a return of up to 70% from the current level under favorable conditions. According to CLSA, investing in Reliance can be very profitable at this time due to new projects and capacity expansion plans.

Opportunity for investors

CLSA is looking at the decline in the current share price of Reliance Industries as an investment opportunity. With the company's solar business, Jio's growing subscriber base, upcoming IPO and expansion of retail business, Reliance is in a position to give good returns to investors in the coming years. Investors investing for the long term can see this as a golden opportunity to include Reliance in their portfolio.

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