In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
Reliance and Disney to merge their media operations in India and Mukesh Ambani-led conglomerate is likely to hold a 61% stake in the merged entity, as per a report.
Reliance Industries shares gained 3% to hit a fresh all-time high of ₹2,937.80 today, while market capitalisation touched record high of ₹19.86 lakh crore mark.
RIL is likely to post single digit growth in both profit and revenue amid weakness in refining and petchem business due to product cracks and drop in realisations.