Reliance’s rocket speed: Jio IPO, AI and green energy will turn its fortunes, brokerage said – price will increase by 32%

Global brokerage firms seem extremely bullish on Indian stock market giant Reliance Industries (RIL). In the coming time, Reliance will not remain just a traditional refinery or telecom company, but is ready to make a big splash in the world of technology and clean energy. Market experts and global brokerage houses believe that due to the company’s upcoming Jio Initial Public Offering (Jio IPO), huge investment in Artificial Intelligence (AI) and rapid expansion in the green energy segment, Reliance shares may see a tremendous rise of up to 32 percent. Expressing strong confidence in this stock, five big brokerages have increased its target price significantly.

Jio’s mega IPO and AI revolution will become the turning point

Market experts say that the upcoming IPO of Reliance Jio is going to be one of the biggest and important developments in Indian corporate history. Jio is not only the country’s largest telecom company, but it is now moving towards becoming a full-fledged digital and AI company. The investment being made by Reliance in cloud infrastructure and advanced AI models can increase its valuation manifold. After the separate listing of Jio, investors will get the opportunity to directly participate in the digital business, which will unlock a lot of value of the main shares of Reliance Industries.

Reliance will get new strength from new energy business

Reliance’s entire focus is now on the huge Dhirubhai Ambani Green Energy Giga Complex being built in Jamnagar, Gujarat. The company is rapidly creating infrastructure in the field of solar panels, green hydrogen, energy storage and fuel cells. According to brokerage reports, this new energy vertical of Reliance will emerge as a main source of earnings for the company in 2026 and beyond. As the demand for clean energy is increasing globally, Reliance seems to be at the forefront of this race, which will prove to be a big catalyst (reason for the rise) for its stock.

Know the targets and investment advice of 5 big brokerages

Looking at this new picture of Reliance, 5 major brokerage firms have maintained ‘Buy’ rating on the stock. Big institutions like Jefferies, Goldman Sachs, Morgan Stanley, JP Morgan and CLSA estimate that Reliance shares may show an upside of up to 32% from the current levels. The brokerage believes that the continued strong performance of the retail business, benefit from tariff increase in the telecom sector and stable cash flow from the oil-to-chemical (O2C) business will take the company to the next level. If you are a long-term investor, this transformation of Reliance can give strong returns to your portfolio.