Key facts: HDFC Securities raises Reliance target to 1,685 rupees; Nifty 50 hits 25,900; Reliance reports 2.9% drop in net sales
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- HDFC Securities raised its target price for Reliance Industries to 1,685 rupees, citing digital growth and improved oil-to-chemicals margins. Nomura also increased its fiscal 2027 EBITDA forecast.1
- On October 20, 2025, Reliance Industries boosted Indian stock indices, with Nifty 50 hitting 25,900 and Sensex reaching 84,650, driven by strong buying from foreign and domestic investors.2
- Reliance Industries reported standalone net sales of Rs 126,335.00 crore for September 2025, reflecting a decrease of 2.9% from Rs 130,108.00 crore in September 2024.3