RIL Shares Gain on Jio Tariff Hike, Positive Brokerage Views

Reliance Industries rose nearly 3% as Jio revised prepaid tariffs, scrapping entry-level ₹199–249 plans and raising the base pack to ₹299 for 28 days, aligning with rivals. Brokerages expect 2–5% revenue/ARPU growth, reiterating ‘Buy’ calls with targets up to ₹1,690, citing stronger telecom, retail, and renewables outlook.