RIL hits fresh 52-week high as Jefferies projects 14% upside on earnings momentum

Reliance Industries hit a fresh 52-week high after Jefferies reaffirmed its ‘Buy’ rating and projected a 14% upside. The brokerage cited strong earnings momentum across retail, O2C, telecom, and FMCG, along with favourable valuations. Upcoming triggers include robust festive demand, JioMart expansion, elevated refining margins, and Jio’s expected 2026 IPO.

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