Reliance Industries Ltd: Shares hits fresh 52-week high as Jefferies reaffirms 'buy'

Reliance Industries Ltd (RIL)’s shares roseate connected Friday, touching a caller 52-week precocious of Rs 1,580.90 connected the BSE aft planetary brokerage Jefferies reiterated its “Buy” standing with a terms people of Rs 1,785, implying astir 14% upside. The banal had ended the erstwhile league astatine Rs 1,564. In aboriginal trade, RIL shares were up 0.7% astatine Rs 1,575.4, extending their year-to-date gains to 28.4%. Jefferies said each 3 of the company’s cardinal businesses — integer services, vigor and retail, are delivering double-digit maturation truthful acold successful FY26. It added that the banal continues to commercialized beneath its semipermanent EV/EBITDA average, offering a favourable risk-reward.The brokerage noted beardown tailwinds from festive demand, expanding FMCG operations and steadfast refining margins. It expects Retail to station different 4th of double-digit gross maturation successful Q3, supported by robust festival depletion and a accelerated scale-up of JioMart’s acheronian store web successful metro cities. Jefferies estimated that the rollout of 600 acheronian stores arsenic of Q2 has driven a 200% surge successful regular orders, boosting gross momentum, ET reported.

Jefferies besides highlighted the accelerated enlargement of Reliance’s FMCG business, which has grown 100% year-on-year for six consecutive quarters and reached a US $2.4-billion annualised gross run-rate successful Q2FY26. It said this makes the conception larger than respective listed players including Tata Consumer, GCPL, Britannia and Dabur (excluding HUL and Nestlé), with imaginable worth unlocking expected betwixt CY26 and FY27–28.On refining, Jefferies expects profitability to enactment beardown successful the 2nd fractional of FY26, citing choky planetary proviso owed to disruptions successful Russian refined merchandise exports and steadfast margins for European diesel and US gasoline.Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India