The year 2024 is about to end now and the market has been under pressure for the last few days. Due to this pressure, the return of the domestic stock market has come down to single digit. However, the decline in many heavy weight stocks has been much sharper and the return of the year 2024 in these stocks may be the worst in the last several years. This also includes the stock of Reliance Industries. So far in the year 2024, the stock has seen a decline of more than 5 percent. If this decline continues till the end of the year, then this will be the first time in the last 10 years that investors of Reliance Industries will suffer an annual loss. However, most analysts remain positive about the stock. And are expressing confidence about a good rise in the stock.

How was the performance of the stock?

So far in the year 2024, the stock has given a negative return of more than 5 percent to its investors. Earlier in the year 2014, the stock had given a marginal negative return of half a percent. Between calendar years 2015 and 2023, investors have consistently received positive annual returns. During this period, investors have received returns ranging from 7 percent to 70 percent. Read how much has been the return during this period
 

What is the future forecast?

The market sentiment remains positive regarding Reliance Industries. 33 analysts covering the stock have advised to buy and 3 have advised to sell. 3 have also advised to hold. The highest estimate has been given by Mirae Asset Securities which is 1950 while the lowest estimate is by Avendus Spark which is 1342. Currently, RIL's stock is at the level of 1223, which means that from here the stock is expected to rise by about 10 percent to 59 percent.