URL copied Reliance Industries share price target Rs 2,500 Reliance share price target: JM Financial has reiterated a buy with a target price of Rs 2,500 as Reliance Industries Limited (RIL) is entering a strong free cash flow generation phase with major capex completed and expectation of strong 17-18 per cent EPS CAGR over the next 3-5 years led by Digital and Retail businesses. JM Financial said in a report that Jio's subscriber momentum could be bottoming out, given its aggressive strategy to acquire significant quantities of capacity spectrum to regain subscriber momentum via its new Jio Phone offers and impending launch of the low cost smartphones.