YES Securities sets Rs 1,651 target on RIL, flags Jio IPO and Reliance Retail unlock
Brokerage rates Reliance Buy with 24.63% upside from CMP Rs 1,324, citing FY26 capex of Rs 1.45 lakh crore across retail, digital and new energy. Anticipated Jio Platforms IPO and potential Reliance Retail format listings seen as key value triggers.
What happened
Reliance Industries · YES Securities rates RIL Buy with Rs 1,651 target, citing FY26 capex of Rs 1.45 lakh crore across retail, digital and new energy,
Key facts
- Target Rs 1,651
- CMP Rs 1,324
- 24.63% upside
- FY26 capex Rs 1,45,350 cr
- DPS Rs 6
- Net worth Rs 10,85,800 cr
- Gross debt Rs 3,74,400 cr
Why this matters
Anticipated Jio IPO and potential Reliance Retail format listings signal a sum-of-the-parts re-rating playbook worth benchmarking for any conglomerate weighing subsidiary carve-outs.