RIL shares jump 6% in 3 days, market cap soars by Rs 1 lakh cr ahead of AGM. Why Morgan Stanley still sees 38% upside

June 16, 2026

Reliance Industries has added over Rs 1 lakh crore in market value in just three trading sessions ahead of its closely watched AGM. Despite the recent rally, Morgan Stanley sees another 38% upside, betting on stronger O2C earnings, new energy monetisation, AI opportunities and attractive valuations.

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