Reliance Industries: UBS Maintains 'Buy' Rating, Foresees Strong Recovery in Oil-to-Chemical Earnings

Overview

Swiss investment bank UBS has reiterated its 'Buy' rating on Reliance Industries, setting a target price of ₹1,820 per share. The brokerage anticipates strong refining trends will boost Reliance's oil-to-chemical (O2C) earnings recovery, projecting significant growth in EBITDA for FY26 and FY27. This positive outlook is supported by 36 out of 38 analysts who also recommend a 'Buy'.