Archive · 4 Sep 2025
Jefferies Maintains 'Buy' on Reliance, O2C Profitability Strong
Jefferies, a financial firm, thinks Reliance Industries is a good investment.
They believe its oil and chemicals business is doing well and will make more money.
Even though there are some worries, like potential issues with a planned phone company IPO, Jefferies thinks Reliance's overall earnings will keep growing.
They expect the stock price to go up by about 22% from its current value.
The firm also believes that Reliance is not heavily impacted by the usage of Russian crude and sees opportunities in exporting diesel and stable gasoline margins.
Jefferies maintains a 'buy' rating on Reliance Industries (RIL) with a price target of ₹1,670.
The brokerage anticipates a 22% upside from current levels.
Jefferies expects RIL’s oil-to-chemicals (O2C) business to be 15% higher year-on-year in FY26.
The firm estimates the impact of Russian crude on RIL's profitability is limited.
Jefferies projects net profit to rise to over ₹1 lakh crore by FY28.
- Who
- Jefferies, a brokerage firm.
- What
- Maintained a 'buy' rating on Reliance Industries (RIL) stock.
- When
- Not specified.
- Where
- Not specified.
- Why
- Due to the strength of the O2C business and potential for growth.
Positive Outlook
Concerns
Regulatory Risk
Positive Outlook
Jefferies expects consolidated earnings to grow steadily.
Concerns
Potential regulatory risks from Jio's impending IPO, which could invite tariff interventions.
- Brokerage Firm
- Jefferies
- Rating
- Buy
- Price Target
- ₹1,670
- Upside Potential
- 22%
- FY26 O2C Profitability
- 15% higher YoY
- FY28 EPS
- ₹76.2
