RELIANCE

share price target: Morgan Stanley sees 28% upside for Mukesh Ambani-owned stock after AI investment announcement

RIL share price target: Reliance Industries Limited (RIL), led by billionaire Mukesh Ambani, has returned to the limelight after announcing a massive Rs 10 lakh crore investment plan over the next seven years aimed at revolutionising artificial intelligence (AI) in India. The announcement has triggered fresh public and investor interest, with Morgan Stanley reaffirming its bullish stance on the conglomerate, expecting an upside of nearly 28 per cent from the current price level and naming it a top pick among analysts. Morgan Stanley on RIL Morgan Stanley has reaffirmed its Overweight rating on RIL, assigning a target price of Rs 1,803, citing the company’s ambitious AI-led capital expenditure (capex) as a key long-term growth driver.