Goldman Sachs Maintains ‘Buy’ on RIL, Sees 28% Upside with Target Price of ₹1,640
📉 Q4 Margins:
- Reliance Industries (RIL) expected to report muted margins in Q4
- Earnings growth to likely resume in FY26
💡 Key Focus Areas:
- Market focus on retail segment growth and Jio’s tariff-driven growth
- Analysts expect updates on retail growth guidance for FY26 and new energy capacity progress
📊 Financial Outlook:
- Net asset value moderately improved but still wide compared to historical averages
- Expect a rebound in retail EBITDA growth, 24% earnings growth in Jio, and improving refining margins
🔼 Target & Rating:
- Goldman Sachs maintains a ‘Buy’ rating with a target price of ₹1,640
- 28% upside potential from current levels
🔎 Valuation:
- Stock trading near one-standard deviation below its historical mean on EV/EBITDA basis, suggesting favorable risk-reward
Stay tuned for more updates on RIL’s financials and market performance! 📈
