If you are looking for “Reliance Communications share price targets” for upcoming years you are in the right place. Before we dive into Reliance Communications’ stock price targets, Let’s understand the Reliance Communications company background, technical fundamentals etc.
- 1 About Reliance Communications Limited
- 2 Reliance Communications Price Target Details
About Reliance Communications Limited
Reliance Communications Limited is a leading provider of telecommunications services in India. The company offers a comprehensive range of wireless, wireline, and broadband services to consumers and businesses in the country. Reliance Communications Limited also provides enterprise services, including data center and managed services, software-as-a-service, and cloud computing solutions. The company has a presence in more than 200 countries and serves over 1.5 billion customers around the world.
Fundamentals of Reliance Communications
Let’s look at the fundamentals of Reliance Communications, based on which we can get a clear understanding of the expertise in the technology sector.
- Current Market Cap: The current market cap of Reliance Communications as of July 30 2022, is ₹ 2,435.94 Cr.
- P/E Ratio: The current price to earning ratio of Reliance Communications is 90.52.
- Sales Growth: Sales growth over the period of time for Reliance Communications is -9.40%.
- Profit Growth: Profit growth is around -24.47 % over the period of time
Reliance Communications Price Target Details
We have done a complete analysis of Reliance Communications and have come up with its share price targets for upcoming years.
Note: These price targets of “Reliance Communications” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
|Year||Reliance Communications Share Price Targets (₹)|
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Reliance Communications we found,
The target share price of Reliance Communications for the year 2023 will be ₹2.5
The target share price of Reliance Communications for the year 2024 will be ₹0
The target share price of Reliance Communications for the year 2025 will be ₹0
The target price of Reliance Communications for the year 2027 will be ₹0
The target share price of Reliance Communications for the years 2027, 2028, 2029, and 2030 will be ₹9.8, ₹11.5, ₹13.5, and ₹20 respectively.