Reliance Industries shares rise 2.4% after AGM outlines Jio IPO plan and AI, clean-energy push

Reliance Industries Limited outlined a proposed listing of Jio Platforms, stepped-up AI infrastructure plans, and new energy projects at its 49th AGM. The stock rose 2.4% to Rs 1,340.90, outperforming the Nifty 50’s 0.5% gain. The move also helped lift the Nifty Oil & Gas index by 1.2%. Several brokerages reiterated “buy” ratings and raised their target prices.