RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch

Reliance Industries' stock is recommended for buying by Religare Broking, with a target price of ₹1,696, implying a 46.7% upside. This is due to potential improvements in cash flows, debt reduction, and growth in Retail, O2C, and New Energy sectors.