Reliance Industries shares surge to 8%; here's how high the stock can go

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Reliance Industries shares surged over 7.5 percent to a 9-month high following strong Q2 FY27 results, with consolidated PAT surpassing ₹50,000 crore ...

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The company's stock is now at a 9-month high. In the Q2 of FY27, the largest corporation reported a consolidated profit after tax (PAT) of the company for the first half of FY27 has surpassed the ₹50,000 crore threshold.

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Investec Capital's Abhinil Dahiwale, who covers RIL, has the highest of all 31 analysts who cover the stock. The institution has a target price of ₹1,890 per share with a 'Buy' rating. This indicates a 62.37% upside from the October 30 close of ₹1,164.

Reliance Jio logo. (Image Reuters)

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Second is Axis Capital's Gaurav Malhotra, who has kept a target price of ₹1873 with a 'Buy' rating. This target indicates a 60.91% upside on the stock, whose previous close stood at ₹1164.

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Up next we have BNP Paribas' Kunal Vora, who has an 'Outperform' rating for stocks. BNP holds a target price of ₹1,855; this points towards a 59.36% upside to the previous close of ₹1,164.

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American giant Goldman Sachs comes in next. Analyst Nikhil Bhandari has a 'Buy' rating with a target price of ₹1,840. This price implies an upside of 58.07%.

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CLSA's Vikash Jain has the 5th-highest target of all for Reliance Industries. CLSA has an 'Accumulate' rating with a target price of ₹1,800. This target implies a 54.63% upside.

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ICICI Securities' Probal Sen has a 'Buy' rating. ICICI has a target price of ₹1,740 per share. This target price for a top Nifty 50 stock expects an upside of 49.48% from the last close of ₹1,164 per share.

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Reuters

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JM Financials' Dayanand Mittal also has a 'Buy' rating for the stock. Reliance Industries shares, according to JM Fin, could see an upside of 48.62% with a target price of ₹1,730 per share.

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Antique Stock Brokers has a 'Buy' rating for the stock of Reliance Industries. The financial institution's Varatharajan S has a target price of ₹1,717 with an upside of 47.05% on the stock that closed on ₹1,164.

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Then comes Jefferies Bhaskar Chakraborty, who has a target price of ₹1,710 per share. Jefferies also endorses a 'Buy' rating for the stock. From the last close of ₹1,164, this target price implies an upside of 46.97%.

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Reliance Industries - X

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At number 10 comes Nuvama, whose Jal Irani has a 'Buy' rating with a target price of ₹1,703. This target price from Nuvama expects an upside of 46.03% on the stock.

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