Morgan Stanley Predicts 20% Upside for Reliance Industries in 2026

Morgan Stanley has highlighted Reliance Industries as a strong investment opportunity, projecting a 20% upside potential in the stock. The brokerage cites three key reasons: robust growth in the telecom and retail sectors, the company's ability to lead in energy and green hydrogen, and its strong balance sheet. Analysts believe 2026 could be the breakout year for Reliance, positioning it for strong gains despite market volatility. Investors are advised to monitor its sectoral performance and capital allocation strategies for future growth.