Reliance Industries share price live updates: Based on recent analyst reports, Reliance Industries Limited (RIL) is poised for strong growth driven by strategic moves in its telecom and energy sectors. Jefferies has upgraded its recommendation on RIL to “Buy” and raised its target price to Rs 3,580 following Jio’s implementation of tariff hikes ranging from 13% to 25%. These adjustments are expected to impact FY25-27 estimates positively, with anticipated revenue and profit after tax (PAT) compound annual growth rates (CAGR) of 18% and 26% respectively over FY24-27. The revisions include minor tweaks in RIL’s EBITDA forecasts for FY25/26 to reflect Jio’s performance metrics, highlighting the telecom segment’s pivotal role in driving overall growth. Reliance Industries stock traded at ₹3,109.80 on the NSE, higher by 1.59% as of 10.47 am.
