Nuvama has set the highest target price of Rs 1,801 for Reliance Industries (RIL), betting that solar module production could trigger a re-rating similar to the surge seen after Reliance Jio’s 2017 launch. RIL recently announced its first 1 GW HJT module facility, scalable to 10 GW by early CY26, with plans to sell modules in the domestic market.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets