Reliance Industries (RELIANCE) Share Price Target 2025: Jio IPO, ₹1,731 Target & Full Analysis — Buy or Hold?
[ RELIANCE ] QUARTERLY GROSS REVENUE & SEGMENT GROWTH · SOURCE: RIL OFFICIAL RESULTS / GOODRETURNS / DAILYHUNT · NOT INVESTMENT ADVICE
- FY2026 record gross revenue: ₹11,75,919 crore ($124B) — up 9.8% YoY. Q4 FY26 gross revenue +12.9% YoY to ₹3,25,290 crore.
- TipRanks (6 analysts, Strong Buy): avg ₹1,702.50, high ₹1,750. Investing.com (32 analysts): avg ₹1,696.63, high ₹1,910. AlphaSpread: avg ₹1,730, high ₹2,005.
- Jio IPO advancing — Mukesh Ambani confirmed in April 2026: “We are advancing steadily towards the listing of Jio Platforms.” Jio has 524 million subscribers (Q4 FY26) + 13M Jio AirFiber users.
- New Energy: 10 GW solar complex in Kutch + 100 GWh battery capacity scaling. Goldman expects New Energy CROCI to widen 140 bps to 11% by FY27.
- Meta AI Datacenter Partnership: 168 MW AI-enabled data centre in Jamnagar, Gujarat — powered by renewable energy (Reliance’s largest AI infrastructure deal).
- Bear risk: Q4 FY26 net profit fell -12.55% YoY; O2C margins under pressure from global energy volatility. Stock currently near 52-week low ~₹1,271.
- Current price ~₹1,271 vs avg target ₹1,702 = +33.9% potential upside — one of the largest gaps for any Nifty50 stock in 2025.
Introduction
Reliance Industries Limited (NSE: RELIANCE) — India’s largest company by market cap at roughly ₹17–18 lakh crore — is standing at a pivotal crossroads in 2025. On one hand, FY2026 delivered a record gross revenue of ₹11,75,919 crore ($124 billion) with strong growth in Jio (+14.7% YoY, 524M subscribers), Retail (FMCG revenue doubled to ₹22,000 crore), and Services (+42% YoY in Q4). On the other hand, net profit fell 12.55% in Q4 FY26, O2C margins are under pressure from volatile crude prices, and the stock has drifted to near ₹1,271 — within touching distance of its 52-week low.
Yet 32 analysts on Investing.com rate Reliance as a Strong Buy, with an average target of ₹1,697 — implying 33.9% upside. The reason is simple: the market is looking past FY26’s energy headwinds toward transformational catalysts including the Jio IPO (Ambani confirmed it in April 2026), the New Energy ramp (10 GW solar, 100 GWh battery), and Reliance’s partnership with Meta to build India’s first AI-enabled 168 MW datacenter in Jamnagar.
This analysis delivers official FY26 earnings data, NSE technical indicators, a complete bear/base/bull price prediction table through 2030, three expert forecasts, and the five most-searched Reliance questions on Google — all in one place.
Reliance’s 5 Business Segments — FY2026 Status
Reliance’s investment thesis rests on the transition from an oil-dominated conglomerate to a digital-first, new-energy technology company. Here is where each segment stands in FY2026:
Current Reliance Share Price Snapshot
RELIANCE INDUSTRIES
NSE: RELIANCE · BSE: 500325 · NIFTY50| METRIC | VALUE | NOTES |
|---|---|---|
| Current Price (NSE) | ~₹1,271.70 | INDmoney, Jun 10, 2026 |
| 52-Week High | ₹1,611.80 | Investing.com data |
| 52-Week Low | ₹1,290.00 | Near current price — support zone |
| Market Cap | ~₹17.2 Lakh Crore | Largest Indian company |
| FY2026 Gross Revenue | ₹11,75,919 Cr (+9.8% YoY) | Record — Goodreturns Apr 2026 |
| Q4 FY26 Net Profit | ₹16,971 Cr (-12.55% YoY) | O2C + Oil & Gas headwinds |
| FY26 Full-Year EBITDA | +13.4% YoY | Strong EBITDA despite profit decline |
| Jio Subscribers | 524 Million (Q4 FY26) | +36.3M net adds in FY26 |
| Dividend Declared | ₹6 per share (FY26) | Ex-dividend date: Aug 14, 2025 |
| Analyst Avg Target | ₹1,702 (avg 32 analysts) | +33.9% upside from ₹1,271 |
Technical Analysis
Reliance shares are near a critical support zone — the 52-week low of ₹1,290 was breached briefly, with the stock trading at ₹1,271 as of June 2026. The stock has corrected from its 52-week high of ₹1,611 — a 21% decline driven by Q4 profit pressure and weak global energy sentiment. Technical indicators are mixed but oversold conditions in RSI suggest the worst of the selling may be over. A 2:1 stock split completed in October 2025 improved retail accessibility but did not arrest the downtrend. The gap between current price (~₹1,271) and the 32-analyst average target (~₹1,697) of over 33% is one of the widest among any Nifty50 component, historically a strong mean-reversion signal.
// SUPPORT & RESISTANCE
Fundamental Analysis
| FACTOR | STATUS FY2026 | IMPACT |
|---|---|---|
| FY26 Gross Revenue | ₹11,75,919 Cr (Record +9.8% YoY) | ▲ BULLISH |
| FY26 EBITDA Growth | +13.4% YoY (strong) | ▲ BULLISH |
| Q4 FY26 Net Profit | ₹16,971 Cr (-12.55% YoY) | ▼ NEAR-TERM BEARISH |
| Jio Revenue Growth | +14.7% YoY · 524M subscribers | ▲ VERY BULLISH |
| Jio IPO Progress | Ambani confirmed: “Advancing steadily” | ▲ MAJOR CATALYST |
| Retail FMCG Revenue | ₹22,000 Cr — doubled YoY. Campa = #4 soft drink | ▲ VERY BULLISH |
| New Energy Ramp | 10 GW solar + 100 GWh battery (CY2026) | ▲ BULLISH long-term |
| Meta AI Datacenter | 168 MW in Jamnagar — renewable powered | ▲ BULLISH (AI infra) |
| O2C Margins | Under pressure — global crude volatility | ▼ HEADWIND |
| Oil & Gas Revenue | -8.9% YoY (KG D6 natural decline) | ▼ STRUCTURAL HEADWIND |
| Capital Expenditure FY26 | ₹1,44,271 Cr ($15.2B) | ➡ HIGH (but growth-focused) |
| Dividend | ₹6/share declared FY26 | ▲ SHAREHOLDER RETURN |
Reliance Share Price Target 2025–2030
Forecasts aggregated from TipRanks (6 analysts), Investing.com (32 analysts), AlphaSpread, WalletInvestor, Trendlyne (15 brokers avg ₹1,667), and Goldman Sachs FY27 model. All speculative — not SEBI investment advice.
| PERIOD | BEAR 🐻 | BASE 📊 | BULL 🐂 | KEY CATALYST |
|---|---|---|---|---|
| Jun 2025 | ₹1,200 | ₹1,350 | ₹1,450 | Jio Q1 FY26 subscriber data |
| Jul 2025 | ₹1,180 | ₹1,380 | ₹1,480 | Q1 FY26 earnings preview |
| Aug 2025 | ₹1,200 | ₹1,420 | ₹1,520 | New Energy capacity update |
| Sep 2025 | ₹1,220 | ₹1,450 | ₹1,560 | Q2 FY26 strong Jio + Retail |
| Oct 2025 | ₹1,240 | ₹1,490 | ₹1,600 | Stock split 2:1 completed |
| Dec 2025 | ₹1,280 | ₹1,540 | ₹1,612 | RIL hits 52W high ₹1,611.80 |
| Full Year 2025 | ₹1,180–₹1,290 | ₹1,400–₹1,600 | ₹1,612–₹1,750 | Jio growth + New Energy ramp |
| 2026 (12-mo target) | ₹1,398 | ₹1,697–₹1,731 | ₹1,910–₹2,005 | Investing.com / AlphaSpread consensus |
| 2027 | ₹1,500 | ₹2,200 | ₹2,800 | Jio IPO + New Energy commercial revenue |
| 2028 | ₹1,800 | ₹2,800 | ₹3,500 | Jio listed entity value + retail expansion |
| 2030 | ₹2,000 | ₹3,500 | ₹5,000+ | India’s digital + clean energy backbone |
[ WARNING ] ALL FORECASTS SPECULATIVE · NOT SEBI REGISTERED INVESTMENT ADVICE · SOURCES: TIPRANKS, INVESTING.COM (32 ANALYSTS), ALPHASPREAD, TRENDLYNE, GOLDMAN SACHS FY27 MODEL
Expert Opinions & Analyst Targets
FAQ — TOP 5 RELIANCE QUESTIONS
Conclusion & Final Verdict
Reliance Industries in 2025–2026 presents a paradox: a company with record revenues (₹11.76 lakh crore FY26), strong EBITDA growth (+13.4% YoY), Jio approaching IPO, and a New Energy revolution underway — trading near 52-week lows with a 33.9% gap to analyst consensus targets. The market is punishing RIL for Q4 FY26’s 12.55% net profit decline and O2C margin pressure from global energy markets.
But 32 analysts on Investing.com disagree with this bearishness — unanimously rating it Strong Buy. The Jio IPO remains the most powerful potential catalyst, and New Energy’s commercial ramp beginning in CY2026 will add a structurally new high-margin revenue stream. Current levels near ₹1,271 are historically one of the best long-term accumulation opportunities in Reliance’s 30-year public market history.
[ VERDICT ] RELIANCE INDUSTRIES — MAY 2025
Reliance is a STRONG BUY for long-term investors — backed by 97% analyst consensus. DCA accumulation near ₹1,250–₹1,300 (current support zone) offers the best risk/reward. Key triggers: (1) Jio IPO announcement date, (2) Q1 FY27 New Energy commercial revenue, (3) Goldman FY27 CROCI target confirmation. Stop-loss risk below ₹1,150. 12-month base case: ₹1,697–₹1,731.
