Reliance Industries stock: Brokerages stay bullish after Q1 beat; Goldman Sachs sees 41% upside

Brokerages retained bullish calls on Reliance Industries after its stronger-than-expected April-June-quarter earnings, as robust O2C performance and steady Jio growth offset weakness in retail margins. Goldman Sachs sees the highest upside, with a 41 percent upside.

Jul 20, 2026 - 10:00
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Reliance Industries stock: Brokerages stay bullish after Q1 beat; Goldman Sachs sees 41% upside
Brokerages retained bullish calls on Reliance Industries after its stronger-than-expected April-June-quarter earnings, as robust O2C performance and steady Jio growth offset weakness in retail margins. Goldman Sachs sees the highest upside, with a 41 percent upside.

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