Goldman Sachs raises Reliance Industries’ share price target ahead of Q3 results next week. Here’s why

January 9, 2026

Goldman Sachs has raised its 12-month target price for Reliance Industries ahead of its Q3 results, citing strong refining momentum and steady telecom growth offsetting near-term retail softness. The brokerage reiterated its Buy rating, expecting stable medium-term earnings supported by tight refining markets, rising Jio contribution, and improving cost dynamics.

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