Bullish on Reliance Industries' digital services business (Jio) for Q1 FY27, forecasting an 11% year-on-year and 2% quarter-on-quarter EBITDA growth, driven by continued improvement in ARPU and subscriber additions. ARPU is expected to rise 3% year-on-year, with the subscriber base expanding 7% year-on-year.

Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%

Reliance IndustriesBullishCalled 16 Jul 2026
Verdict:PENDING

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