If you're hunting for a solid blue‑chip stock that could deliver big returns, analyst Deven Choksey has his eyes on Reliance Industries.
Why Choksey Is Bullish on Reliance
Choksey says Reliance is a "strong bet" and could climb 50‑60% from its current price over the next two years. He believes the company’s valuation today offers a good entry point for long‑term investors.
Key Growth Drivers
- Separate listings of Jio Platforms and Reliance Retail – Both businesses are expected to spin off by 2026‑2027, unlocking value for shareholders.
- Retail and FMCG expansion – Reliance Retail, which also runs a fast‑moving consumer goods (FMCG) arm, has quickly reached a turnover of around ₹20,000 crore, making it the fastest‑growing FMCG player in India.
- Renewable energy rollout – Ongoing investment in clean‑energy projects adds another tailwind for the conglomerate’s growth.
Potential Returns and Risks
While Choksey doesn’t promise a "crazy" surge, a 50‑60% rise in two years represents a sizable gain for a blue‑chip name. He advises investors to view the current price as a reasonable entry, but also to keep an eye on execution risk around the spin‑offs and renewable projects.
Bottom Line
Reliance Industries appears poised for steady upside thanks to its expanding digital, retail and green‑energy businesses. For investors looking to add a large‑cap stock with upside potential, the analyst’s outlook makes a compelling case.
Remember, this is just an opinion, not a prediction. Do your own research and consider your risk tolerance before investing.