Reliance Industries Shares Rise After AGM; Brokerages See Strong Upside On AI, Jio & New Energy
Reliance Industries shares gained after the company’s AGM highlighted a new phase of growth driven by artificial intelligence, Jio Platforms, new energy and emerging businesses. The stock outperformed the broader market as investors tracked the company’s long-term roadmap.
Brokerages remained positive on Reliance following the announcements. CLSA maintained its outperform rating with a target price of ₹1,800, indicating significant upside potential. The brokerage highlighted Reliance’s focus on AI infrastructure, with plans to commission AI compute capacity, while also seeing value in areas such as FMCG, new materials, exports and clean energy.
Nomura retained its buy rating and pointed to the potential Jio Platforms IPO as a key value-unlocking event. The brokerage expects Jio’s listing plans to improve visibility around the telecom and digital business valuation.
Analysts also highlighted Reliance’s expanding opportunities across telecom, retail, energy transition and artificial intelligence. The company’s new energy strategy, including clean energy projects and manufacturing capabilities, remains a key growth driver. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.