Reliance Industries will see better earnings for next two years, JPMorgan says
Published on 05/06/2025 09:30 AM
Reliance Industries will see better earnings for next two years, JPMorgan saysOut of the 38 analysts that have coverage on Reliance Industries, 36 of them have a 'Buy' recommendation on the stock, while two others have a 'Sell' rating on the counter.By Meghna Sen June 5, 2025, 9:30:42 AM IST (Published)1 Min ReadShares of Reliance Industries Ltd., the Nifty 50 heavyweight and the oil-to-telecom-to-retail conglomerate, have a potential upside of up to 10% from current levels, according to global brokerage firm JPMorgan.
In a note on Wednesday, June 5, JPMorgan maintained its 'Overweight' rating on Reliance Industries with a price target of ₹1,568 per share, suggesting a further upside of 10% from Tuesday's closing levels.
Reliance Industries shares have corrected nearly 12% from their recent peak of ₹1,608.
The foreign brokerage said that RIL's earnings over the next two years are expected to be better than the previous two.
It mentioned that the stock has been under pressure due to earnings downgrades, largely driven by weaker commodity EBIT, a trend that is unlikely to continue, given the already low margins.
JPMorgan added that growth in the consumer business should translate more effectively to the bottom line, thereby supporting the stock's relative performance.
Out of the 38 analysts that have coverage on Reliance Industries, 36 of them have a 'Buy' recommendation on the stock, while two others have a 'Sell' rating on the counter.
Shares of Reliance Industries Ltd. are trading 0.41% higher on Wednesday at ₹1,429. The stock has climbed over 17% so far in 2025.Continue ReadingNote To ReadersDisclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsReliance IndustriesReliance Industries (RIL)Reliance Industries share priceshare market today