Reliance Industries Limited established in 1973, is a Large Cap company with a market capitalization of ₹20,581,85.37 Crore, operating in the Diversified sector. Motilal Oswal has issued a buy recommendation for Reliance Industries, setting a target price of ₹3435, while the current market price stands at ₹3040.85. Reliance Industries Ltd.’s key products and revenue segments for the year ending March 31, 2024, include Petrochemicals, Other Services, Oil & Gas, Others, and Income from Retailing.
Reliance Industries Limited Share Price Target 2024
As one of India’s largest and most influential conglomerates, Reliance Industries Limited (RIL) continues to capture the interest of investors with its diverse portfolio spanning energy, petrochemicals, retail, and telecommunications. For those considering investing in RIL, understanding its future share price trajectory is crucial. This comprehensive guide offers a detailed forecast of Reliance Industries’ share price targets from 2024 through 2030. By analyzing historical performance, growth trends, and market conditions, we aim to provide valuable insights to help investors make informed decisions and strategically plan their investments in this leading corporate entity.
Reliance Industries Limited Share Price Target 2024 News
Nuvama has highlighted that Reliance Industries Limited’s (RIL) New Energy initiative is set to drive the next phase of growth alongside its traditional businesses. As a result, Nuvama has updated its estimates to September 2026 and increased the target price for RIL to ₹3,786.
What is the Reliance Jio IPO?
The anticipated Reliance Jio IPO, coupled with an upcycle in refining and petrochemicals projected for FY26-27, are expected to be significant drivers for RIL’s stock performance. Analysts are particularly focused on the upcoming Annual General Meeting (AGM) and the launch of New Energy operations, which are expected to be crucial events in the coming months. Analysts have suggested a potential upside of up to 22% for RIL’s stock, following the company’s June quarter results.
Rating on RIL
Nomura India has adjusted its FY25 and FY26 EBITDA estimates for RIL, reducing them by 3% and 2%, respectively. Despite this, Nomura maintains a ‘Buy’ rating on RIL with a revised target price of ₹3,600, extending its estimates to June 2026. The firm remains optimistic about RIL’s outlook, citing robust growth in retail driven by store expansions and digital commerce, as well as potential value creation from Jio’s tariff increases and improved free cash flow generation.
Emkay Global has also revised its FY25 and FY26 EBITDA estimates for RIL downward by 2-3% due to weaker performance in the retail and oil-to-chemical (O2C) sectors. Emkay has updated its estimates to September 2025 and set a target price of ₹3,335 per share. The firm has increased Jio’s valuation multiple to 12 times EV/EBITDA from 11 times, emphasizing that positive developments in vertical monetization and New Energy could act as key triggers for RIL.
Reliance Industries Limited Share Price Target global Capacity Growth
MOFSL is optimistic about RIL’s refining business, noting that global capacity growth is expected to lag behind oil demand growth. The firm projects a 12% CAGR for ARPU in telecom from FY24-26 and sees potential value unlocking from the anticipated Jio IPO. MOFSL also maintains a positive outlook on the retail sector, forecasting a 19% CAGR in revenue and EBITDA over FY24-26, with a price target of ₹3,435 for RIL.
Overall, Nuvama retains a ‘BUY’ recommendation, highlighting that RIL’s New Energy rollout will be pivotal in driving future growth alongside its traditional businesses. Nomura adds that RIL’s EBITDA could be sensitive to ARPU changes and expects strong performance in the O2C sector due to sustained global oil demand and potential recovery in petrochemical margins.
Reliance Industries Limited Share Price Target: 2024 to 2030
Investing in shares requires careful consideration and thorough research. If you are considering investing in Reliance Industries Limited (RIL), you’re in the right place. This blog provides insights into the share price target for Reliance Industries from 2024 to 2030. Our analysis is based on the company’s growth trajectory, consistent performance, and future prospects, ensuring you have the information needed to make an informed investment decision.
Reliance Industries Limited Share Price Target 2024 To 2030
Category: Stock Market
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What Is Reliance Industries Limited History?
Reliance Industries Limited (RIL) is one of India’s largest conglomerates, with interests spanning energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Founded by Dhirubhai Ambani in 1973, RIL has grown to become a major player in both domestic and international markets.
Reliance Industries Limited Share Price Quick Info
Reliance Industries operates across multiple key sectors, establishing itself as a diverse and influential conglomerate. Its significant contributions to India’s economic growth and strategic investments have solidified its position as a market leader.
Reliance Industries Limited Share Price Market Cap
Market Cap:- ₹20.44 L Cr
Opening Price:** ₹3068.00
High:** ₹3079.45
Low:** ₹3006.65
P/E Ratio:** 29.78
Dividend Yield:** 0.33%
52-Week High:** ₹3217.60
52-Week Low:** ₹2220.30
What Are The Steps To Purchase Reliance Industries Limited Share Price?
You should buy Reliance stocks through several shopping for and selling structures, together with Zerodha, Upstox, Groww, and Angel One.
Which are the Peer Companies For Reliance Industries Limited Share Price?
Reliance competes with several different conglomerates and place-particular groups, which encompass:
- Tata Group
- Adani Group
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
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What is the Investor Types and Ratios For Reliance Industries Limited Share Price?
Understanding the investor composition helps in assessing the stability and increase functionality of Reliance.
- Promoters: 50.33%
- Foreign Institutions: 21.75%
- Retail And Others: 10.52%
- Other Domestic Institutions: 9.57%
- Mutual Funds: 7.84%
What are the Advantages and Disadvantages For Reliance Industries Limited Share Price?
In our article, we delve into the key advantages and disadvantages of investing in Reliance Industries Limited (RIL) shares. Understanding these factors is essential for making well-informed investment decisions.
Advantages For Reliance Industries Limited Share Price:
- Diversified enterprise model reduces risk.
- Strong sales increase pushed with the aid of using multiple sectors.
- Significant marketplace presence and brand price.
Disadvantages For Reliance Industries Limited Share Price:
- Regulatory and compliance dangers in a couple of sectors.
- High valuation with a PE ratio indicating a pinnacle price fee.
Reliance Industries Financials
For the quarter ending June 30, 2024, Reliance Industries reported a consolidated total income of ₹2,35,767 crore, a decrease of 2.20% from the previous quarter’s total income of ₹2,41,067 crore. However, this represents an increase of 11.54% compared to the same quarter last year, when the total income was ₹2,11,372 crore. The company reported a net profit after tax of ₹17,448 crore for the latest quarter.
Promoter/FII Holdings
As of June 30, 2024, promoters held a 50.33% stake in Reliance Industries. Foreign Institutional Investors (FIIs) owned 21.75%, while Domestic Institutional Investors (DIIs) held 17.25%.
Who owns Reliance Industries Limited?
Reliance Industries Limited is primarily owned and controlled by the Ambani family, with Mukesh Ambani serving as the chairman and the largest shareholder.
Should I invest in Reliance shares right now?
Given its strong growth trajectory, diversified business model, and substantial market presence, Reliance shares present a promising long-term investment. However, investors should consider the high valuation and potential regulatory risks before making a decision.
What is the future growth outlook for Reliance Industries Limited?
Reliance is focusing on expanding its digital and retail sectors while continuing to lead in energy and petrochemicals. This strategic approach indicates significant future growth potential.
Conclusion
Overall, Reliance Industries Limited is a major player across multiple sectors with solid financial health and favorable future prospects. According to our expert analysis, Reliance shares are expected to perform well in the coming years, making them a viable option for long-term investors.
