Jefferies Raises Reliance Industries Target Price to ₹1,830, Sees Jio IPO as Major 2026 Catalyst
Published on: Jan. 7, 2026, 7:34 a.m. | Source: scanx.trade
Jefferies maintains Buy rating on Reliance Industries, raising target price to ₹1,830 from ₹1,785 with March 2027 valuation. The brokerage projects 13% consolidated EBITDA growth in fiscal 2027, driven primarily by Jio's performance. Key catalysts include Jio IPO by mid-2026, telecom tariff hikes, and retail business recovery to mid-teens growth. Jio is expected to deliver 22% revenue growth and 28% EBITDA growth, while retail segment is forecast to grow 16% year-on-year in fiscal 2027.
