{"id":306057,"date":"2026-10-13T16:42:19","date_gmt":"2026-10-13T11:12:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=306057"},"modified":"2026-10-13T16:42:19","modified_gmt":"2026-10-13T11:12:19","slug":"ril-target-price-ahead-of-jio-initial-public-offering-47-percent-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ril-target-price-ahead-of-jio-initial-public-offering-47-percent-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch\/","title":{"rendered":"RIL Target Price Ahead of Jio Initial Public Offering: 47% Upside, Why Religare Recommends Buying the Mukesh Ambani Stock Before Issue Launch"},"content":{"rendered":"

RIL target price: Religare Broking Buy, target Rs 1,696 against a reference price of Rs 1,156, 46.7% upside (my check: 1,696 \/ 1,156). Jio FY26: revenue Rs 1,46,885 crore, EBITDA Rs 76,255 crore, net profit Rs 30,049 crore. Jio listing timeline not officially announced.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Religare Broking recommends buying Reliance Industries with an RIL target price of Rs 1,696 against a reference price of Rs 1,156, which is 46.7% upside, ahead of a possible Jio Platforms listing. The brokerage says a separate Jio listing would give a market based value for RIL’s largest growth business, narrow the conglomerate discount and trigger a re-rating. Jio reported FY26 revenue of Rs 1,46,885 crore, EBITDA of Rs 76,255 crore and net profit of Rs 30,049 crore, but the listing is reportedly planned for October and has not been officially announced. Treat the RIL target price as one brokerage’s estimate and check the official filings for the timeline and terms.<\/p>\n<\/p><\/div>\n

Reliance Industries is back in focus as brokerages position for the Jio Platforms listing. Religare Broking kept a Buy and set the RIL target price at Rs 1,696, and it argues that investors should accumulate before the issue and not wait for the debut.<\/p>\n

This guide explains Religare’s case, the numbers behind the RIL target price, the Jio financials, the catalysts over 6 to 36 months and the risks. I give no issue price figures, because Jio has not officially announced the terms.<\/p>\n

The RIL target price of Rs 1,696 is a call on both the business and the listing, so both need to go right.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

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