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The Economic Times

Brokerages raise Reliance Industries targets after Q1 FY27 results; Nuvama sets Rs 1,765, Nomura Rs 1,690

AI Market Summary
Reliance Industries' Q1 results beat expectations, with 25% YoY revenue growth and 10% YoY EBITDA growth, while reported profit fell on a prior-year one-off gain. Multiple brokerages reiterated Buy/Overweight and raised target prices, citing stronger refining margins, resilient Jio performance, and long-term optionality in retail and renewables. The upbeat sell-side reassessment is supportive for Indian large-cap sentiment and index-level positioning.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT+0.11%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
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.
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