Reliance shares in focus as Morgan Stanley sees up to 31% upside potential

Reliance Industries shares are in focus as Morgan Stanley sets a target price of Rs 1,662, indicating 31% growth potential. The brokerage cites the improving outlook for RIL’s refining business, anticipated growth in retail profitability, and the underappreciated potential of RIL’s New Energy segment. Additionally, Jefferies and Bernstein revised their target prices, reinforcing positive sentiment.