Reliance stock can jump up to 21 percent
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Bernstein says that decarbonization is the world’s biggest challenge today. For this reason, there is a possibility of huge investment in it in the next thirty years. By 2050, India’s total investment in green energy is estimated to reach two trillion dollars. Its total addressable market (TAM) could reach $30 billion in the next seven years and $200 billion by 2050. Reliance can generate revenue of $10 billion by 2030 in the new energy business, which will be 40 per cent of TAM. By 2050, the value of Reliance New Energy’s stock can be in the range of Rs 1200 to Rs 2200, which is 10 percent more than the current valuation.
milk cow
Reliance has set a target of installing 100 GW of solar capacity by 2030, which will be 35 percent of the country’s total capacity. India has set a target of 280 GW capacity by 2030. Bernstein said that by 2030, Reliance could capture 60 percent solar, 30 percent battery and 20 percent hydrogen TAM. Given the company’s strong balance sheet, Reliance should not face any problem in capital expenditure. Funding is not a problem for the company. In such a situation, the new energy business can become the new milch cow for the company in the coming years.
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