“Sunny Agrawal of SBI Cap Securities views Reliance Industries as a buying opportunity, especially on dips around current levels (near ₹1,400). He pegs its fair value at ₹1,700-₹1,800 in the next 12-18 months, driven by the structurally strong outlook for its non-oil and gas consumer-facing businesses, including a potential telecom tariff hike in June and growth in retail and digital segments.”