Multiple triggers for Reliance Industries' stock, say analysts

At $0.5 billion per MW of acquisition enterprise value (EV), if we were to extrapolate to RIL's solar photovoltaic (PV) manufacturing, it implies $7-10 billion in value creation

Two acquisitions by Reliance Industries (RIL) over the weekend – REC Solar Holdings, a well-established global player in solar cells, panel and polysilicon manufacturing; and Sterling & Wilson Solar, a strong player for engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services in the renewables sector – have seen some research and brokerage houses reiterate their bullish stance on the company’s stock, as they see multiple triggers working in its favour. CLICK HERE FOR DETAILS

On Monday, RIL surged past the Rs 2,700 mark in intraday deals on the BSE. The counter has been an outperformer