Reliance Industries shares surged 2% after brokerages turned upbeat on the stock. Reliance Industries shares opened at ₹1,249.00, with a daily high of ₹1,266.40 and a low of ₹1,245.35. The stock’s 52-week high stands at ₹1,608.80, while the 52-week low is ₹1,201.50.
Key Details (as per Jefferies):
Jefferies reiterated a ‘Buy’ rating with a target price of ₹1,690/share.
- Retail Growth: RIL’s retail segment is expected to restore mid-teens growth by FY26, easing concerns over short-term performance.
- Jio Listing: The potential listing of Jio Platforms could unlock significant value, boosting investor confidence.
- O2C Segment: Improvements in Oil-to-Chemicals (O2C) profitability are expected to drive earnings growth.
- Earnings Outlook: Jefferies forecasts 14% EBITDA growth in FY26, driven by telecom, retail, and O2C.
- Valuation: RIL’s current valuation is its lowest since the Covid-19 shock, presenting an attractive investment opportunity.
- Outlook: Despite short-term concerns, Jefferies sees a buying opportunity, with strong growth potential in FY26 and beyond.
Key Details (as per Jefferies)
Bernstein has reiterated an ‘Outperform’ rating for Reliance Industries Limited (RIL) with a target price of ₹1,520 per share.
- Telecom (Jio): A 12% increase in ARPU is expected, driven by subscriber base growth of 4-5%, fueling earnings in FY25.
- Retail: Double-digit EBITDA growth forecasted for 2025, ensuring robust performance across segments.
- Refining Margins: Gross Refining Margins (GRM) are set to rebound from FY24 lows, bolstering overall profitability.
As of 10:10 AM, Reliance Industries shares were trading 2.01% higher at Rs 1,265.75.
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