🔥 Macquarie’s Upgrade: What’s Driving the Optimism?
🔹 Macquarie upgraded RIL to ‘Outperform’ from ‘Neutral’ and raised its price target to ₹1,500 (previously ₹1,300). This reflects a potential upside of 20% from the current market price of ₹1,249. 📌 Key Drivers of Macquarie’s Bullish View: ✅ Earnings Momentum Improving: Analysts expect a turnaround in profitability over the next few quarters.
✅ Potential IPO of Reliance Jio: A listing could unlock significant shareholder value.
✅ New Energy Capacity Expansion: RIL’s green energy projects could drive long-term growth. 🔸 “Consensus earnings estimates for FY26 and FY27 now seem fair, following a 12-17% cut over the past year.” — Macquarie analysts Aditya Suresh and Baiju Joshi

📊 Other Brokerages Join the Bullish Camp
📍 Jefferies (March 6, 2025) 🔹 Maintained ‘Buy’ rating with a price target of ₹1,600.
🔹 Sees RIL at its cheapest valuation since COVID.
🔹 Expects retail segment growth to recover to 15% in FY26.
📍 Kotak Institutional Equities (March 5, 2025) 🔹 Upgraded RIL to ‘Buy’ from ‘Neutral’, raising the target to ₹1,400.
🔹 Believes the recent price correction has made valuations attractive.
🔹 Notes that news flow on a Jio IPO or telecom tariff hike could act as catalysts.

📈 Stock Performance: A Strong Rebound
🔺 RIL recently hit a 15-month low, down over 25% from its July 2024 all-time high.
🔺 The recent rally has erased its year-to-date (YTD) losses, and the stock is now up ~3% in 2025.
🔺 As the second-heaviest stock in Nifty 50, RIL played a key role in lifting the Sensex and Nifty on March 7. 🔍 Market sentiment appears to be shifting from pessimism to optimism, supported by brokerage upgrades and attractive valuations.

🔮 What’s Next for RIL?
🔹 Short-Term Technical Outlook 📌
 The stock faces resistance near ₹1,300-₹1,320, a key technical level.
📌 A breakout above this zone could push RIL towards ₹1,400-₹1,500 in the near term.
🔹 Long-Term Catalysts (As Per Brokerage Reports)
📍 Jio IPO: Could be a major value-unlocking event.
📍 Telecom Tariff Hike: Any price increase could significantly boost Reliance Jio’s revenues.
📍 Retail Growth Recovery: Jefferies expects 15% retail revenue growth in FY26.
📍 Green Energy Expansion: Long-term earnings potential from RIL’s clean energy projects.

🎯 Final Thoughts Leading brokerages see significant value in RIL after recent declines, with key triggers like:
🔹 Jio’s potential listing
🔹 Retail business recovery
🔹 Earnings momentum improvement With strong institutional backing and positive catalysts ahead, the stock has regained investor interest. However, the next major move will depend on corporate developments and broader market trends. 

📢 What’s your view on RIL’s recent price action? Let’s discuss in the comments!

🔘 Bullish – Expect ₹1,400+ 🚀
🔘 Neutral – Consolidation ahead 📊
🔘 Bearish – Might fall back below ₹1,200 📉

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Fri Mar 7, 2025