RIL Shares: CLSA Predicts Reliance Shares to Cross ₹1,800 on Jio Listing Trigger

• Brokerage firm CLSA increased its target price for Reliance Industries shares to ₹1,800, indicating a potential upside of 29%.
• CLSA is the eighth brokerage to set a target of ₹1,800 or more for RIL shares.
• Jio's potential listing by mid-2026 is identified as the biggest value-unlocking event for Reliance Industries.
• CLSA estimates Jio's enterprise value at $161 billion by March 2027, giving it a 15% premium over global telecom companies.
• Despite cuts in New Energy and Retail business valuations, strong Q3 revenue and analyst confidence remain high for RIL.

Why It Matters: CLSA projects Reliance shares to hit ₹1,800, driven by the anticipated Jio listing and strong Q3 performance.