UNIDT

Share Price Target 2026: BUY call for Reliance Industries! Brokerage says ‘recent correction is overdone’

Reliance Industries Share Price Target 2026: Brokerage firm JM Financial Institutional Securities believes that the recent correction in the share price of Reliance Industries Limited (RIL) is overdone (4 per cent this week and 8 per cent in the last one month after the rise in Middle East tensions) as it won’t be negatively impacted by the recent spike in crude and LNG prices. Instead, analysts at the domestic brokerage said the RIL could see near-term benefits due to firstly, a jump in diesel crack on account of supply disruption risk and secondly, likely rise in petchem margin (as petchem product prices are likely to rise along with crude price, while its feedstock cost is unlikely to rise much as it has limited dependency on crude-linked naphtha).