Goldman Sachs adds Reliance Industries to its APAC Conviction List citing 4 catalysts

Goldman Sachs has added Reliance Industries to its Asia Pacific Conviction List, anticipating a significant boost in earnings and valuation. The brokerage highlights improved refining fundamentals, a retail turnaround, and a potential telecom tariff hike as key catalysts. With a 12-month price target of Rs 1,660, Goldman Sachs sees a favorable risk-reward for Reliance shares.