New Delhi: After the quarterly results of Reliance Industries (RIL), brokerage firms Nuvama and Systematix Institutional Equities have given Buy rating on RIL shares. According to Nuvama, three big new growth drivers are expected to in Reliance Industries. The brokerage believes that new energy, AI and FMCG can become three big growth engines for Mukesh Ambani-led conglomerate in the coming years.

Nuvama said RIL is expanding rapidly in the new energy segment. The company is also making big bets in the Green Hydrogen and Power segment. Ordering for the 20GW RTC Power Plant in Kutch has started and the company has land available for about 150GW capacity. This power infrastructure will support Green Hydrogen production. The Captive Power Cost is expected to be reduced by more than 25 percent, which can provide an........

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