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Nuvama bullish on RIL: Predicts 45% upside as ‘golden refining era’ drives Q2 earnings

Posted on October 1, 2026
By Financial Express
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1 min read

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Nuvama bullish on RIL: Predicts 45% upside as ‘golden refining era’ drives Q2 earnings

Nuvama has a Buy rating on Reliance Industries with a target price of Rs 1,766, implying 45% upside, as record diesel and ATF crack spreads may boost RIL’s Q2 earnings.