India, Jan. 15 -- Global brokerage Jefferies has reiterated its 'Buy' rating on India's largest company with a target price of Rs. 1,830, which is 25% above the current levels. The firm expects 13% EBITDA growth in FY27E, driven primarily by strong momentum in Jio and Retail. According to Jefferies, multiple business verticals are approaching key inflection points, which could unlock further value over the medium term.

With a market capitalisation of Rs. 19,73,644 cr, the shares of Reliance Industries Ltd closed at Rs. 1,458 per share, up 0.50 % from its previous close of Rs. 1,451 per share.

Key Catalysts to Watch in FY27 Jefferies highlights several near-to medium-term triggers for Reliance. These include a potential tariff hike and l...