There could be 20% upside for Reliance Industries’ shares, according to Shrikant Chouhan of Kotak Securities.
India's stocks have not had a good first half of 2022, but stock brokerage Kotak Securities is positive on Reliance Industries and Infosys.
The Nifty 50 index and S&P BSE Sensex are both down nearly 9% since the start of the year. Reliance Industries' stock is up around 5% in the same period, but Infosys shares have fallen around 20%. India's stocks didn't have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is"very aggressive" in converting companies into digital businesses, said Shrikant Chouhan, executive vice president and head of equity research at Kotak Securities.
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