What is Goldman Sachs' new target price for Reliance Industries?

Goldman Sachs has raised its 12-month target price for Reliance Industries to Rs 1,910.

What is expected to be a major catalyst for Reliance Industries?

The much-anticipated Initial Public Offering (IPO) of Jio Platforms is expected to serve as a significant catalyst for Reliance Industries.

How is Reliance Industries' retail segment performing?

Reliance's retail segment is demonstrating robust topline growth, especially in grocery and fashion, with a notable increase in JioMart's daily orders.

Home / Business and Economy / Jio IPO Fuels Reliance Stock Rally Hopes

Jio IPO Fuels Reliance Stock Rally Hopes

28 Apr

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Summary

Goldman Sachs raises target price to Rs 1,910, highest among brokerages.
Jio IPO expected soon, potentially acting as a major catalyst.
Analysts see integrated downstream position benefiting from market tightness.

Jio IPO Fuels Reliance Stock Rally Hopes

Reliance Industries is experiencing renewed focus as global brokerages, including Goldman Sachs, predict substantial gains. Goldman Sachs has elevated its 12-month target price to Rs 1,910, citing the company's integrated downstream position and potential benefits from a tightening refining and petrochemicals system.

Analysts suggest the worst of the oil-to-chemicals (O2C) segment's pressures may be subsiding. The impending Initial Public Offering (IPO) of Jio Platforms is frequently highlighted as a significant near-term catalyst that could boost both Reliance and the telecom sector.