Reliance rises as Jio hikes tariffs, FMCG unit enters beverages
Reliance shares rose after Jio scrapped its ₹249 entry plan, making 1.5GB/day packs the new base, a move Axis Capital sees boosting FY26E ARPU by 4-5%. Separately, Reliance Consumer Products entered herbal beverages via a JV with Naturedge Beverages. Brokerages reiterated 'Buy' calls, citing stronger cash flows, retail growth, and renewable investments.