Reliance shares rise 1.1% as JPM maintains an overweight rating, citing strong margins and growth outlook.

• JPM expects a reasonable valuation, driven by near‑term petrochemicals gross refining margin uplift and sustained demand.
• Reliance Retail is poised to benefit from the upcoming festival season, boosting sales and market presence significantly.
• Growing EBITDA, stable capex, and lower leverage enhance financial health, supporting continued stock outperformance today.