Buy Reliance Industries, target price Rs 1605: Motilal Oswal Financial Services

Motilal Oswal Financial Services recommends buying Reliance Industries shares with a target price of Rs 1605. Current market price is Rs 1229.9. Reliance Industries has underperformed recently but is expected to recover. Factors like gigafactories in New Energy and listing of Reliance Jio are key triggers. Company has reported a net profit of Rs 21804 crore.