Reliance Industries (NSE:RELIANCE, BOM:500325) has an average rating of buy and mean price target of 1,687.28 Indian rupees, according to analysts polled by FactSet.
What else is happening in Asia?
Asia
MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing
MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.
SGX:9MT
Asia
Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract
South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.
KOSDAQ:296640KRX:018260
Asia
Hong Fok Repurchases Shares
Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.
SGX:H30