New Delhi, April 2 -- Reliance Industries Limited (RIL) has faced significant stock price fluctuations over the past year, with a decline of over 22 per cent from its peak of Rs.1,608.95 in July 2024. However, global brokerage Goldman Sachs maintains a bullish stance on the stock, reiterating its 'Buy' rating with a price target of Rs.1,640 per share, indicating a 31 per cent upside from current levels.

The oil-to-telecom giant has seen a 15 per cent decline in the last year but showed signs of recovery in March, gaining over 6 per cent after a 5 per cent drop in February. In January, too, RIL's stock price saw a 4 per cent increase. Goldman Sachs attributes this volatility to sectoral challenges but remains confident about the company's...