According to analysts, RIL’s strong performance to its long-term transformation over the past decade. BNP Paribas noted Jio’s leadership in the Indian telecom space and substantial investment in 5G provides it with the platform for continued data-related growth going forward.
The brokerage added that RIL’s retail arm continues to dominate categories such as fashion, consumer electronics, and grocery, while the upstream oil and gas business has benefited from production revival at the KG-D6 fields.
RIL’s developing green-energy ecosystem spanning solar, batteries, hydrogen, and fuel cells is also drawing investor interest. BNP Paribas has an ‘Outperform’ rating with a price target of Rs. 1,785.
Motilal Oswal also reaffirmed its ‘Buy’ rating, citing progress on RIL’s 40GWh battery giga-factory in Jamnagar, scheduled for commissioning in early CY26.