Dividend Alert! Reliance group stock under Rs 200 to pay 40% cash reward; record date in September

Reliance Industries Share Price Target

Reliance Industries (RIL), India's largest private sector company, is set to reward its shareholders with a 40% cash dividend. The dividend payout will be made to shareholders on record as of September 15, 2023. The record date is the day on which the company determines which shareholders are eligible to receive the dividend. The dividend is being paid out of the company's profits for the financial year ended March 31, 2023. RIL had reported a consolidated net profit of Rs 1.69 lakh crore for the year, up 21.6% from the previous year. The company's revenue for the year also grew by 27.4% to Rs 7.93 lakh crore. The dividend payout is a positive sign for RIL shareholders. It shows that the company is confident in its future prospects and is committed to rewarding its shareholders. The dividend payout is also a reflection of the company's strong financial performance in recent years.

Reliance Industries Share Price Analysis

RIL's share price has been on a steady upward trend in recent years. The stock has risen by more than 50% in the past year. The stock is currently trading at around Rs 2,600, which is well above its 52-week low of Rs 2,000. RIL's share price is expected to continue to rise in the coming years. The company is benefiting from the growing demand for energy and petrochemicals in India. The company is also investing heavily in new businesses, such as renewable energy and digital services.

Reliance Industries Share Price Target

Analysts are bullish on RIL's share price. The consensus price target for the stock is Rs 3,000, which represents a potential upside of 15% from the current price. Some analysts are even more bullish, with a price target of Rs 3,500. RIL's share price is a good investment for long-term investors. The company is a well-established leader in the energy and petrochemical sectors. The company is also investing heavily in new businesses, such as renewable energy and digital services.

Disclaimer

The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should always consult with a qualified financial advisor before making any investment decisions.