Reliance shares may surge sharply, Morgan Stanley sets target above ₹1,800

Mumbai (The Uttam Hindu): Shares of Reliance Industries, owned by Mukesh Ambani, are drawing strong interest from market experts. Global brokerage firm Morgan Stanley has given a positive outlook on the stock and advised investors to buy. The firm expects nearly a 28 percent upside in the share price, increasing investor confidence.

Focus on AI investments strengthens outlook

Reliance Industries, India’s largest company by market capitalization, is expanding into new sectors. Its aggressive push into artificial intelligence (AI) and digital infrastructure has improved market sentiment. During the India AI Impact Summit, Mukesh Ambani announced plans to invest nearly ₹10 lakh crore over the next seven years. The investment will mainly focus on AI, digital infrastructure, and related energy services.

Included in Morgan Stanley’s top pick list

Morgan Stanley analysts believe Reliance’s move into AI and digital businesses is similar to its earlier expansion into telecom and retail, which transformed those sectors. After the recent investment announcement, the brokerage added the stock to its “Top Pick” category and maintained an “Overweight” rating. In stock market terms, an Overweight rating suggests the stock is expected to outperform the broader market.

Target price above ₹1,800

Morgan Stanley has set a target price of ₹1,803 for Reliance shares, indicating a potential rise of around 28 percent from the current level. On Friday, the stock closed at ₹1,419.10, after touching an intraday high of ₹1,427. Following the recent gains, the company’s total market capitalization crossed ₹19.21 lakh crore.

Strong returns over the long term

Over the past one year, Reliance shares have delivered a return of 15.55 percent. In the last five years, investors have seen gains of about 37 percent. The stock’s 52-week high stands at ₹1,611.80, while the 52-week low is ₹1,114.85.