Reliance Industries stock rallies on broker upgrades and Jio IPO buzz
after close1 source ↓written by the desknot a recommendation
- at ₹1
- 52-week high
- in 2025
- 28% year-to-date
Reliance Industries Ltd shares are nearing a 52-week high at ₹1,565.10, just 1% shy of ₹1,581. The stock has surged 28% year-to-date in 2025, outperforming the Sensex. Key drivers include brokerage target increases, an S&P credit upgrade, and growing anticipation around a Jio IPO. 📈
• Morgan Stanley raised its target, suggesting 2026 could be a re-rating year.
• JPMorgan maintains an overweight stance.
• Jio IPO prospectus steps reported by Reuters.
Not investment advice. For informational purposes only.