$3.6B Fund Equirus Turns Bullish on Reliance After Record ₹3 Lakh Crore Q1 Revenue
Equirus Securities flips positive on Reliance Industries for the first time in four years, setting a ₹1,537 target price on O2C margin strength, Jio IPO momentum and upstream growth despite the stock barely moving 0.3% on the news.
Equirus turns bullish on Reliance Industries after record ₹3 lakh crore Q1 revenue, driven by O2C margins, Jio IPO momentum, and upstream growth.