UBS says this sector remains a high-quality, defensive investment theme
On Monday, Bernstein SocGen Group analysts raised the price target for Reliance Industries (NSE:RELI) (RIL:IN) to INR 1,640 from INR 1,520, while maintaining an Outperform rating. The adjustment reflects the analysts’ positive view on the company’s growth momentum.
The analysts emphasized that Reliance Industries is nearing completion of store rationalization. They noted the continued tariff repair and scale-up in the new energy segment as key factors driving the growth momentum.
The analysts highlighted that Reliance Industries’ improving growth outlook, coupled with supportive valuations, could lead to a potential stock rerating. They also mentioned the company’s strong balance sheet discipline, with capital expenditure moderating and Net Debt to EBITDA remaining flat in FY25.
The updated price target implies a 15% upside, according to the analysts. They maintain their Outperform rating on the stock, reflecting confidence in the company’s strategic initiatives and financial stability.
Reliance Industries continues to focus on growth and operational efficiency, setting the stage for potential further gains in the stock market.
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