“Sushil Choksey is bullish on Reliance Industries, projecting a sum-of-the-parts valuation target of ₹1,700-₹1,850, driven by strong O2C performance, favorable currency dynamics, and high replacement costs for global complexes. He expects Reliance's new energy vertical to show visible traction in the next six months and views recent weakness in Reliance Retail as transient, with expansion on track. For Jio, he sees significant earnings upside from potential tariff hikes, noting Bharti Airtel's higher ARPU, and anticipates a scarcity premium from a small IPO size.”