Brokerages remain bullish on Reliance Industries Limited (RIL), maintaining their positive outlook and projecting significant upside from the current levels. With a focus on retail, oil-to-chemicals (O2C), and digital segments, analysts have reiterated their ‘Buy’ or ‘Outperform’ ratings. Here’s what they recommend:
Brokerage Ratings and Targets
- Nuvama: Maintains ‘Buy’ with a target price of ₹1,673, reflecting a strong outlook on RIL’s growth trajectory.
- Jefferies: Reiterates ‘Buy’ with a target price of ₹1,660, pointing to steady growth prospects across its diversified businesses.
- CLSA: Maintains ‘Outperform’ with a target price of ₹1,650, emphasizing the company’s ability to navigate challenging environments.
- DAM Capital: Retains ‘Buy’ while raising the target price to ₹1,550 (earlier ₹1,521), citing a solid rebound in the retail segment.
- IIFL: Projects the highest target, maintaining ‘Buy’ with a target price of ₹1,729, driven by strong growth in digital and telecom verticals.
- Morgan Stanley (MS): Keeps an ‘Overweight’ stance with a target price of ₹1,662, highlighting potential gains from O2C and Jio’s subscriber growth.
Market Performance
RIL has shown resilience amid market volatility, with analysts projecting an upside of up to 36% from its current price of ₹1,275. The company’s recovery in retail, sustained momentum in digital services, and stability in O2C have been key factors driving positive sentiment.
Key Highlights
- Retail segment recovery post-recalibration of stores.
- O2C steady performance despite a challenging global environment.
- Continued growth in Jio’s subscriber base and tariff improvements.
Analysts unanimously remain optimistic about Reliance Industries’ long-term prospects, with all brokerages assigning ‘Buy’ or ‘Outperform’ ratings. Investors can expect significant upside, backed by robust operational performance across its core segments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
