RIL share valuation hits Covid-era lows: 6 signals indicate a turnaround

Reliance Industries shares have dropped 23% since July, mainly due to weak retail business and declining refining margins. However, analysts, including Goldman Sachs, believe the sell-off is overdone, with shares nearing their worst-case scenario. Other global brokerages like Jefferies, Morgan Stanley, and CLSA have issued buy ratings, with target prices reaching Rs 1,690.