Reliance Industries Ltd. (RIL) extended its winning streak, gaining 3% in the latest trading session as investor sentiment remained strong. The stock’s upward movement was fueled by positive brokerage ratings and optimism surrounding future earnings growth.  
	 
	Key Highlights:  
	- 
		- Global brokerage Macquarie upgraded RIL’s rating to “Outperform” with a target price of ₹1,500, citing improved earnings momentum and potential listing of Jio telecom unit  
- 
		- Jefferies reiterated its “Buy” call on RIL, setting a target price of ₹1,600, driven by expected retail growth and a possible telecom tariff hike  
- 
		- Kotak Institutional Equities upgraded RIL to “Buy” from “Add,” raising its target price to ₹1,400, highlighting attractive valuations and potential catalysts in the telecom business  
- 
		- RIL’s stock hit an intraday high of ₹1,254.50, marking an 8% recovery from its 52-week low of ₹1,156 recorded earlier in March  
- 
		- Analysts project RIL’s earnings CAGR to improve to 15-16% over FY25-27, reinforcing confidence in the company’s long-term growth trajectory  
	With multiple brokerage upgrades and strong market support, Reliance Industries continues to be a key driver of India’s stock market rally.  
	 
	Sources: Moneycontrol, Livemint, The Hindu Business Line