Solar a Jio moment for Mukesh Ambani? Reliance shares get highest target price

Nuvama has set the highest target price of Rs 1,801 for Reliance Industries (RIL), betting that solar module production could trigger a re-rating similar to the surge seen after Reliance Jios 2017 launch. RIL recently announced its first 1 GW HJT module facility, scalable to 10 GW by early CY26, with plans to sell modules in the domestic market.