New Delhi, March 6 -- Reliance Industries (RIL) share price rose up to 2.2 per cent on Thursday, reaching Rs.1,201.05 on the BSE, after brokerage firm Kotak Institutional Equities upgraded the stock to 'buy' from 'add'.

At 9:30 am, RIL share price touched was trading at Rs.1,197.60 apiece on the National Stock Exchange (NSE).

Another brokerage, Jefferies, also reiterated its "buy" rating on the stock with a target price of Rs.1,600. The brokerage highlighted a potential rebound in RIL's retail segment and a possible tariff hike in its telecom division amid a sharp decline in the stock from its peak.

At the stock's current price, Jefferies' target indicates a possible upside of 33.2 per cent, whereas Kotak's revised target price project...