Reliance Industries stock price rallied on amid weak market conditions

The Markets Today in a nutshell

• Domestic stock market ended on a negative note.
• Investors exercised caution ahead of US and domestic inflation data due next week. Investors also awaited the release of US jobs data and flash euro zone consumer inflation figures that are due later in the day. Investors will keenly monitor Q3 earnings in India, which will start pouring in on 9 January 2022. 

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News you could use

? Dabur India stock price declines on weak guidance for Q3FY23
The FMCG major on Friday announced that its India business is expected to report low to mid-single digit revenue growth. However, the international business is expected to deliver double-digit revenue growth in Q3 FY23.

? Reliance Industries stock price rallied on amid weak market conditions
Jefferies has a buy call on the stock with a target of Rs 3,100 per share. It has projected 18% EBITDA growth in FY24 and 21% growth in retail on the back of floor space growth in FY24.

? Rail Vikas Nigam stock price was in green on receiving new orders
The company has bagged a project worth Rs 166 crore from Gujarat Metro Rail Corporation (GMRC). The project is expected to be completed within 22 months.

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