Morgan Stanley Bullish On Reliance Industries; Sees 28% Upside, Flags AI Capex As Next Big Trigger

Morgan Stanley said Reliance’s plan to deploy Rs 10 lakh crore across AI, digital infrastructure and associated energy supply marks the group’s next major capital allocation shift

Feb 20, 2026 - 15:30
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Morgan Stanley Bullish On Reliance Industries; Sees 28% Upside, Flags AI Capex As Next Big Trigger
Morgan Stanley said Reliance’s plan to deploy Rs 10 lakh crore across AI, digital infrastructure and associated energy supply marks the group’s next major capital allocation shift

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