Religare Broking maintained a conviction Buy rating on Reliance Industries Limited with a target price of Rs 1,696 versus Rs 1,156 on October 12, implying 46.7% upside, citing Jio Platforms value discovery, balance sheet optimization and earnings compounding across Retail, O2C and New Energy after a 28% correction from its January 2026 high.

Jefferies increased the weight of Reliance Industries Limited in its model portfolio, citing attractive valuations with the stock trading at 8.4 times one-year forward enterprise value to EBITDA, 23% below its 10-year average, and potential upgrades if gross refining margins improve.

Motilal Oswal Wealth Management Research Desk is positive on Reliance Industries, setting a target price of Rs 1,530, as the proposed Jio Platforms IPO at a reported Rs 11 trillion valuation could unlock value from Reliance Industries' 66.4% stake in Jio Platforms, with the current share price already factoring an estimated 18-36% holding-company discount, alongside support from refining, petrochemicals, retail, new energy, data centres and AI.

Reliance Industries Limited could add Rs 8,400 crore-Rs 12,600 crore to annual O2C EBITDA if higher Venezuelan crude intake lifts blended gross refining margin by $2-3 a barrel, according to YES Securities. YES Securities retained its buy rating on Reliance Industries Limited with a Rs 1,660 target price, implying 41.9% upside from Rs 1,170, but said the benefit depends on regulatory licensing, sustainable supplies and landed discounts.

Reliance Industries Limited received a Supreme Court notice on MMRDA's plea challenging the Bombay High Court's April order that quashed a Rs 1,116-crore demand against the company over alleged delay in building its convention-cum-commercial complex in Mumbai's Bandra-Kurla Complex. The court also directed MMRDA to deposit Rs 646 crore with its registry by November 6 in connection with the dispute.

Reliance Industries Limited shares have fallen about 6% in a month amid selling pressure ahead of the Jio Platforms IPO, with resistance seen at Rs 1,200 and a potential move to around Rs 1,265 on a breakout. Market experts cited in the report view the dip as a buying opportunity linked to possible value unlocking, though distribution of Jio Platforms shares to all Reliance Industries shareholders is not guaranteed.

Reliance Industries Limited's fuel retail joint venture Jio-bp raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre effective Sunday, following a similar hike by Nayara Energy, with Punjab prices at around Rs 108.54 and Rs 99.19 and Haryana prices at around Rs 109.80 and Rs 97.75 respectively.

Reliance Industries Limited, through a joint venture with Brookfield and Digital Realty, is investing $11 billion in another AI data centre in Visakhapatnam, alongside Google's $15 billion project, as the city emerges as a tech megahub.

Reliance Industries Limited's satcom arm Jio Satellite Communications has not received final operational clearance in India and remains in the same regulatory queue as Starlink, undergoing identical security checks and audits mandated by the Indian government, including domestic data routing requirements.

Reliance Industries Limited held about 66.4% in Jio Platforms ahead of its IPO and will remain promoter after listing, while Meta affiliate Jaadhu Holdings held 9.98% and Google International held 7.73%. The Jio Platforms listing is being watched for clearer market valuation of Reliance Industries Limited's telecom and digital business, with a portion of the issue expected to be reserved for eligible Reliance Industries Limited shareholders under SEBI's up to 10% reservation rule.

Reliance Industries has tied up with Meta for a 168 MW AI-enabled data centre in Jamnagar, Gujarat, as Meta contracted nearly 1 GW of new renewable energy in India to support data centre expansion.

Reliance Industries Limited announced strategic intent with Rolls-Royce in August to co-design, develop, manufacture and support a sovereign combat engine for India's AMCA fifth-generation fighter, envisaging a dedicated Aerospace Gas Turbine Complex in India covering design to through-life support, though the project remains at an early exploratory stage.

Reliance Industries Limited's telecom arm Reliance Jio is showcasing AI-based network technologies at India Mobile Congress 2026, including AI-native network management, satellite connectivity and future mobile network technologies. Its Jio Call Agent demonstration embeds a native AI voice agent in the Jio network for use during phone calls without a separate app, designed to work across Indian languages with user consent. Jio has separately said it is working on an indigenous satellite stack and has filed patents in the pre-6G space.

Reliance Industries Limited's telecom arm Jio showcased a proposed Sovereign Satellite Connectivity plan at India Mobile Congress 2026, envisaging around 1,600 Low Earth Orbit satellites and 23 ground stations across India to deliver 100% land and maritime coverage to more than 600,000 villages and integrate satellite connectivity with its terrestrial network.

Reliance Industries Limited, operator of the world's largest refining complex, is expected by brokerages to benefit from higher crude prices favouring upstream and oil-to-chemicals businesses, helping offset relatively softer retail performance.

Reliance Industries Ltd. shares imply a roughly 36% discount on its two-thirds stake in Jio Platforms Ltd., wider than the sustainable 25% level cited by Beat The Street, suggesting investors may get cheaper indirect exposure ahead of Jio's listing. Brokerages value the stake at Rs 331-450 per Reliance share, or 27% to 37% of its price, versus Bloomberg calculations of Rs 7.3 lakh crore or 45% of market value, with analysts seeing scope for discount narrowing and rerating on transparent price discovery.

Reliance Industries Limited is the main exporter from India as the country's diesel exports hit about 620,000 barrels per day in September, with its export-only Jamnagar unit exempt from the about $37 per barrel windfall tax on diesel exports that erodes margins for other exporters.