Reliance Industries Share Price Target – Rs 1,300 or Rs 1,767? Here's What Brokerages Are Sayin
Reliance Industries (RIL) — India’s oil-to-telecom giant — saw its shares fall 3.5% on Monday to ₹1,423 on the BSE after the company posted its Q1 FY26 results. The results, while reflecting profitability, didn’t completely impress the market, leading to a cautious outlook from some brokerages.
Despite the dip, Mukesh Ambani’s bold vision to double earnings by 2029 has left room for optimism. But now the big question is: Where is the RIL stock headed — ₹1,300 or ₹1,767?
🔍 Mixed Reactions from Brokerages
The post-results sentiment among analysts and brokerage firms remains divided:
✅ Bullish Views:
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Nuvama remains the most optimistic with a target of ₹1,767, the highest among all brokerages.
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Jefferies, BNP Paribas, Goldman Sachs, Axis Capital, and JM Financial have set targets above ₹1,700.
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Morgan Stanley maintained its overweight rating with a target price of ₹1,617, calling out New Energy as the most promising segment.
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Overall, 25 out of 27 brokerages have a Buy/Add recommendation.
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The median target price stands at ₹1,640, suggesting a 15% potential upside from the current price.
❌ Bearish View:
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Ambit Capital is the most cautious with a sell call and a target of ₹1,300.
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Kotak Institutional Equities downgraded RIL from Buy to Add, reducing its target from ₹1,650 to ₹1,520, citing richer valuations and limited near-term upside.
📊 Why Did RIL Shares Fall?
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The Q1 results were described by analysts as a “mixed bag”.
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Jio showed positive momentum, but the retail segment lagged behind expectations.
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The energy segment faced short-term issues due to costlier fuel oil and lower availability of cheaper crude, but analysts expect a rebound in the next quarter.
🔮 What's Next for RIL?
Investors will now keep a close eye on the upcoming Annual General Meeting (AGM) expected in the next two months. Key focus areas include:
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Growth in FMCG
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Expansion of New Energy business
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Development in the media segment
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Updates on Jio IPO
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Subscriber growth and monetisation plans
BofA Securities remains hopeful, noting continued steady to improving momentum across RIL’s key businesses beyond Q1.
📈 Should You Buy, Hold, or Sell?
If you're a long-term investor, Reliance’s diversified portfolio across energy, telecom, retail, and new ventures in green energy and tech still makes it a solid bet.
However, if you're a short-term trader, you might want to wait and watch for the AGM announcements or a clearer trend post-Q2 earnings.
Conclusion:
While Reliance Industries' Q1 earnings didn’t fully meet market expectations, most brokerages remain bullish on the stock’s future. With a median target of ₹1,640 and strong potential in emerging business areas, RIL still has growth ahead — but keep an eye on the road ahead.