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.
What happened
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;
Key facts
- ₹1,800 target
- ₹1,344.90 intraday
- ₹1,309.50 close
- ₹1,675 Jefferies TP
- ₹1,655 MOSL TP
- ₹1,640 Nomura TP
- ₹1 trillion FMCG revenue by FY30
- 120 MW AI capacity FY26
- 40 GWh battery gigafactory
- $125-150 billion exports by 2032
- $3 billion Samsung deal
- EBITDA to double in 5 years
Why this matters
The Jio IPO timeline plus parallel AI, new energy, and FMCG buildouts signal Reliance is preparing each vertical for independent value crystallization, opening partnership and carve-out windows across digital infra, batteries, and consumer brands.