Morgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new energy businesses poised to become key growth drivers. Maintaining an overweight rating and a target price of Rs 1,803, the brokerage sees 34% upside in the stock.

RIL commits ₹10 lakh crore to develop AI-ready data centres, enhancing its position as a global conglomerate under Mukesh Ambani.

Reliance Industries Limited (RIL) is investing ₹10 lakh crore in multi-gigawatt-scale AI-ready data centres, marking a significant step in its next phase of growth.

Morgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new energy businesses poised to become key…

Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL is deploying $15 billion annual operating cash flows…