Reliance Industries sees upside towards ₹1,300-1,325 after earnings-led rally: JM Financial’s Rahul Sharma
CNBC-TV18 1 hr ago·2 Nov 2026, 10:23 am
Reliance Industries has seen a strong rally following its latest earnings report, with its market value surging past ₹16 lakh crore. This momentum has led analysts to revise their price targets upwards. JM Financial’s Rahul Sharma has specifically pointed to a potential target range of ₹1,300-1,325 for the stock, citing the positive performance as a key driver.
This move is significant for investors as it signals renewed confidence in the conglomerate’s core businesses. The stock’s recent surge suggests that the market is reacting favorably to the company’s financial results. For retail investors, this uptrend indicates a period of stability and growth potential in one of India's largest blue-chip companies.
Moving forward, investors should monitor the stock's ability to sustain this momentum. Key areas to watch include the performance of its telecom and retail segments, as well as the progress of its newly formed financial services joint venture. These factors will be crucial in determining if the stock can maintain its current trajectory and reach the projected price levels.
Excerpt from CNBC-TV18
Published On Nov 2, 2026 | 15:53 IST Last Updated On Nov 2, 2026 | 15:53 IST JM Financial's Rahul Sharma said Jio Financial Services is also showing signs of a potential turnaround with buying interest picking up.. Reliance Industries and Jio Financial Services could see further gains after their recent price action…Read the original at CNBC-TV18
Affected stocks
Bullish3 stocks
Reliance Industries
RELIANCE Bullish
₹1,164.90
JMFINANCIL
JMFINANCIL Bullish
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JIOFIN
JIOFIN Bullish
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Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Reliance Industries (RELIANCE).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions JMFINANCIL, JIOFIN.
Why it matters
This is a high-impact development for Reliance Industries and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
