Brokerage Radar: Analyst Calls on RIL, TVS Motors, and More

Top Brokerage Picks: RIL and TVS Motors

Reliance Industries (RIL) Outlook

• Bernstein has raised RIL’s target price to ₹3,440, driven by the growth potential of Jio’s monetization strategies. Jio is expected to deliver a 16% revenue CAGR and a 20% EBITDA CAGR over the next three years, fueled by the recent tariff hike and ongoing 5G rollout.

TVS Motors Forecast

• UBS has increased TVS Motors’ target price to ₹3,200. The launch of the new Jupiter model is anticipated to add 15,000-20,000 additional volumes, with more catalysts expected from upcoming electric vehicle launches.

Main Points:

1. RIL: Focus on Jio’s growth and 5G monetization.
2. TVS Motors: New model launches expected to boost sales.
3. Analyst Support: Strong buy calls from top brokerages.