What could be the next trigger for Reliance stock? Harshvardhan Dole analyses

“When it comes to the target price our SOTP on RIL is close to Rs 3,000 and the way we are valuing each of these businesses is we take the common normalised earnings growth as well as normalised margins rather than being carried away by what is happening in the near term. While the cracks on petrol and diesel and GRMs are extremely volatile, instead of giving these peak earnings a peak multiple, we are taking a more calibrated view.”