Macquarie remains bullish on Reliance despite a 7.5% yearly decline, assigning a Rs 1,580 target. Growth is expected across retail, Jio, and new energy segments. Revised earnings estimates reflect cautious optimism. Key risks include weak earnings delivery and muted Jio gains, but long-term prospects stay strong.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets