Brokerages raise Reliance Industries targets after Q1 FY27 results; Nuvama sets Rs 1,765, Nomura Rs 1,690
Reliance Industries posted Q1 FY27 revenue of Rs 3.11 lakh crore, up 25% year on year, while EBITDA rose 10% to Rs 54,067 crore. Net profit fell 22% to Rs 20,946 crore, after an exceptional gain in the prior-year quarter. Brokerages raised price targets, including Nuvama at Rs 1,765 and Nomura at Rs 1,690.