Motilal Oswal tags Reliance Industries, Gokaldas Exports as buys with 26-29% upside
Reliance retail growth pinned on store additions, productivity gains and hyperlocal scaling (target Rs1655, 26% upside). Gokaldas Exports rides global apparel demand with 92M-piece capacity across India and Africa, eyeing 18% revenue CAGR through FY28 (target Rs1110, 29% upside).
Motilal Oswal lists Gokaldas Exports and Reliance Industries as buy picks. Reliance retail growth driven by store additions, productivity and hyperlocal scaling; Gokaldas supplies global apparel brands with India and African manufacturing capacity.
Why this matters
The buy call follows Reliance's FMCG and retail push, including a mapped Rs1 trillion FMCG run-rate by FY30 and Jio IPO buzz that could re-rate the stock up to 35%, fueling retail and new-energy bets.
Retail-company signals steady at 3985 over the trailing 90 days.