RIL back on growth mode after 6 months, share target prices go up to Rs 1,723. Re-rating ahead?

Reliance Industries Ltd (RIL) is set for a re-rating, with brokerages predicting target prices up to Rs 1,723. Following a strong Q3 performance, RIL's recovery, especially in retail and new energy, has prompted upgrades. Analysts expect growth in FY26, driven by factors like Jios potential listing and improved O2C profitability. RIL's stock remains down 20% from its July peak.