Reliance jumps 3% as AGM unveils Jio IPO, AI and new energy roadmap; CLSA sees ₹1,800 upside
Reliance Industries rallied 3% to ₹1,344.90 after AGM disclosures on Jio IPO timeline, 120 MW AI capacity by FY26, 40 GWh battery gigafactory and ₹1 trillion FMCG revenue target by FY30. Brokerages stayed bullish: CLSA ₹1,800, Jefferies ₹1,675, MOSL ₹1,655, Nomura ₹1,640. Management guided EBITDA doubling in five years.
Reliance Industries shares jumped 3% after AGM outlined Jio IPO, AI buildout, and new energy plans. Brokerages bullish with CLSA's ₹1,800 target highest; management targets doubling EBITDA, ₹1 trillion FMCG revenue by FY30, and expanded retail manufacturing/exports.
Why this matters
Builds on prior signals where brokerages backed RIL's AI, consumer and New Energy bets, Jio IPO was filed at ~₹37,700 cr, and Ambani guided EBITDA to double in five years.
Retail-company signals steady at 3,399 over the last 90 days.