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Reliance Rockets to Record High! JPMorgan Sees 11% Upside – What's Next for RIL?

Stock Investment Ideas

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Published on 25th November 2025, 5:59 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

Reliance Industries shares surged 1.5% to a new 52-week high of Rs 1,559.6, fueled by JPMorgan's 'overweight' rating and a bullish 2026 earnings outlook. JPMorgan set a Rs 1,727 target, citing attractive valuations and catalysts like a Jio IPO and new energy growth. UBS and Motilal Oswal also issued 'buy' ratings, anticipating strong performance from refining and emerging energy businesses.