In a recent analysis, leading brokerage firm Goldman Sachs has predicted a potential upside of as much as 54% for shares of Reliance Industries (RIL), led by billionaire tycoon Mukesh Ambani. This optimistic outlook is based on Goldman Sachs’ bull case scenario estimates for the financial year 2026, projecting RIL’s share price to reach Rs4,495.

Goldman Sachs has maintained its “buy” recommendation on Reliance Industries, revising its price target on the stock to Rs 3,400 from Rs 2,925 previously. This revised target suggests a substantial upside of 17% from the closing price recorded on Tuesday.

The brokerage firm remains bullish on RIL’s risk-reward profile, citing favorable factors such as the expected value accretion from the Reliance-Disney joint venture.

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