Reliance Industries on course to hit $100 billion m-cap in 4 years, says Morgan Stanley; here’s how

Reliance Industries, which has outperformed the Sensex in the past 12 months driven largely by higher GRMs, is on track to more than double its market-cap to $100 billion from $47 billion at present in the next 3-4 years,Stock Market Trading Tips

Shares of Reliance IndustriesBSE 0.69 %have surged over 14 per cent in the past 12 months compared with a 7 per cent drop in the S&P BSE Sensex during the same period. "This is just the start. RIL is nearing the completion of its largest-ever capex programme of $46 billion over F14-17, paving the way for a multi-year cycle of strong FCF generation," said the report. RIL is nearing the completion of its largest-ever capex programme of $46 billion over F14-17,  Indian stock market astrology prediction

The investment bank said the stock price history of over the last 15 years suggests RIL has typically outperformed once it starts generating FCF after its capex mode and a similar cycle is likely to play out now. Share Market Astrology
Morgan Stanley maintains an overweight rating on the stock with a 12-month target price of Rs 1,329,              Commodity Market Astrology Tips