Morgan Stanley has maintained an “Overweight” rating on Reliance Industries (RIL), naming it a “Top Pick” with a target price of ₹1,803, implying an upside potential of around 28%. The positive outlook is backed by RIL’s ambitious ₹10 lakh crore ($110+ billion) investment plan over the next seven years, focused on AI, data centers, and green energy. This strategic shift is being seen as a major capital allocation pivot with the potential to generate strong long-term returns.