Reliance Share Buy: Shares of Reliance Industries rose by more than 1 percent on Friday to reach a new 52-week high. Jefferies reiterated its bullish view on Reliance Group (Reliance Share Buy). The brokerage cited strong momentum across all major business verticals of the company and several expected catalysts in 2026. RIL stock is trading 1.1 percent higher at ₹ 1,580 today. It has given returns of 29 percent year-on-year.

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Performed better than Nifty – NSE India Update News

Shares of Reliance Industries have performed better than NSE Nifty. Nifty has given a return of only 10.5 percent year-on-year, while Reliance Industries has given a return of 29 percent year-on-year. The market capitalization of Reliance (Reliance Share Buy) is now ₹ 21.35 lakh crore. Jefferies maintains ‘buy’ call on Reliance Industries with a target price of ₹1,785 per share. This means an increase of more than 14% from the current level.

The brokerage note said that Reliance’s three core businesses, which include digital services, retail and oil-to-chemicals, have been delivering double-digit growth since the beginning of FY26. The brokerage further said that Jio’s upcoming IPO may soon pave the way for increasing tariffs, which will further boost the telecom segment.

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Shares are available at good prices – NSE India Update News

Jefferies said that Reliance’s fast-moving consumer goods (FMCG) business may get a good following in 2026 and its valuation may be higher, which will lead to good growth. Further fuel will come from the company’s new energy plan and its data-center partnership with Google.

Additionally, RIL stock is trading below its long-term mean EV/EBITDA multiple, making Reliance Share Buy a healthy risk-reward position. This also contributes to the strong stock price.

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JP Morgan is also impressed with this stock – Reliance Share Buy

Jefferies, along with other brokerages, have a bullish view on the stock. JP Morgan has maintained its ‘overweight’ rating on the stock (Reliance Share Buy). It said that the weakness seen in refining and petrochemicals in FY24-25 has now been left behind.

There is scope for earnings upgrade on the strength of current refining. In this, positive factors like Jio IPO, expected increase in tariff (Reliance Share Buy), start of new energy business and strong retail growth have also been pointed out, and good growth is expected in the stock going forward.

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Enthusiasm about new energy business – Reliance Share Buy

Apart from this, brokerages seem more positive about the company’s new energy business. Motilal Oswal has recently increased its price target after including battery manufacturing vertical in its model (Reliance Share Buy).

UBS has reiterated its ‘buy’ rating citing strong refining margins and insulated crude sourcing. According to LSEG data mentioned in a recent Reuters report (Reliance Share Buy), the average analyst rating on Reliance remains ‘Buy’, with a median target price of Rs 1,685.

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