Reliance Industries may touch Rs 1175-1200: Baliga

Jan 13, 2014, 04.16 PM IST

Ambareesh Baliga of Edelweiss is of the view that Reliance Industries may touch Rs 1175-1200 by April.

Tags Ambareesh Baliga, Edelweiss, Reliance Industries

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Ambareesh Baliga of Edelweiss is of the view that Reliance Industries may touch Rs 1175-1200 by April.

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Reliance Industries may touch Rs 1175-1200: Baliga

Ambareesh Baliga of Edelweiss is of the view that Reliance Industries may touch Rs 1175-1200 by April.

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Ambareesh Baliga of Edelweiss told CNBC-TV18, "The gas price hike has to happen sometime or the other and it would happen before March-April this year and that will be a big trigger for Reliance Industries . My price target for this is closer to about Rs 1,175-1,200 and that should happen by about April."

On January 13, 2014 Reliance Industries closed at Rs 879, up Rs 22.10, or 2.58 percent.

The share touched its 52-week high Rs 954.80 and 52-week low Rs 765 on 21 January, 2013 and 28 August, 2013, respectively.

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