Reliance Shares Surge After Strong Q4 Results; Brokerages Raise Targets

Reliance Industries shares rose nearly 4% on April 28 after beating Q4 earnings estimates with a 2.4% rise in net profit to Rs 19,407 crore. Strong growth in Jio, retail, and O2C segments boosted sentiment, prompting brokerages to hike target prices and highlight new energy and Jio IPO as key growth triggers.