New Delhi, June 8 -- Reliance Industries' share price appears poised for healthy long-term gains, as top global brokerage firms believe the stock's attractive valuation and strong growth outlook leave room for a potential re-rating.
Reliance share price has jumped 18 per cent year-to-date (YTD), compared to a 5 per cent gain in the equity benchmark Nifty 50.
Despite recent outperformance, Reliance share price has declined nearly 2 per cent, while the Nifty 50 has climbed 7.5 per cent over the last year.
The stock hit a 52-week low of Rs.1,114.85 on April 7 this year after it scaled a 52-week high of Rs.1,608.80 on July 8 last year.
On a monthly scale, the stock has been in the green since March this year, climbing nearly 2 per cent in...
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