Dear Parag, RIL has to move up as it has taken a lot of time in hibernation. Target I do not know, although lot of brokerage houses have given different targets.
IPL has nothing to do with the stock RIL. Mukesh family is involved in it but it is not a game changer for the stock. MI is already out of the reckoning. In other words, Mukesh family has nothing to do about it now. Nor the stock RIL.
Monsoon is a factor for the market as a whole and for certain stocks exclusively. RIL is not specifically involved except its retail division, which is doing generally well even drought is doing its thandav all along the country. As far as its oil related products are concerned, they mainly in the export zone.
I am not a fan of RIL. It is one of those stocks I hold in the index category. If I look at them, they all have one or the other problems that RIL has.