Stories
Brokerage Houses Bullish on RIL Ahead of Jio Listing With 45 Percent Upside
C
CNBC Awaaz•14-10-2026, 11:51
Brokerage Houses Bullish on RIL Ahead of Jio Listing With 45 Percent Upside
- •Religare Broking has maintained a bullish stance on Reliance Industries, raising its target price to 1696 rupees.
- •The impending listing of Jio Platforms is expected to act as a major catalyst for RIL and help in debt reduction.
- •Factors such as ARPU improvement, 5G expansion, and digital services are anticipated to provide strong future support.
- •The stock has been under pressure recently, falling over 25 percent in 2026, but is now trading near lower levels.
Key Questions Answered
Religare Broking has set a target of ₹1,696 for Reliance Industries shares, estimating an upside of approximately 45% from the stock's previous close.
The stock of Reliance Industries has faced pressure, falling by more than 25% in 2026 and recording a negative 1-month return of 7%, though it saw minor gains during Wednesday's trading session.
Brokerages view Jio's upcoming listing as a major catalyst for value unlocking, debt reduction, and future support from digital and cloud services, following a period where price corrections already priced in past negatives
