Bernstein values RIL green biz at $36 bn, may add Rs 395 to stock

At present, most clean energy companies trade at 2-3 times price-to-sales. Based on Reliance’s capex plans for clean energy, the business may add Rs 395 per share to Reliance’s stock, Bernstein said while upping its price target for the stock to Rs 2,830 from Rs 2,470.