RIL Q1 results can trigger rally in Reliance Industries shares, predicts CLSA

Reliance Industries (RIL) shares, stagnant over the past year, may see renewed momentum with its Q1FY26 results, says CLSA. The brokerage expects notable KPI improvements across key segments and has reiterated an ‘Outperform rating with a 14% upside and a target price of Rs 1,650, citing the start of an “exciting period” for Indias most valued company.