One of India’s biggest corporations, Reliance Industries Limited (RIL), has businesses in petrochemicals, refining, oil and gas exploration, telecommunications, and retail. The stock of the corporation has seen ups and downs recently, with highs and lows reflecting changes in the global economy, the oil and gas markets, and RIL’s financial performance.
You’re not the only one who is interested in knowing whether Reliance is a suitable stock to purchase and what the company’s share price objective might be in ten years. Given the size, stature, and broad portfolio of RIL, many investors are attentively monitoring the company’s future.
We’ll examine Reliance’s recent performance, its growth potential, and what analysts are saying about its share price projection for the next year in this article.
Reliance Industries Achieves Record High Following Goldman Sachs’ Positive Outlook
Reliance Industries soared to an all-time high, reaching Rs 2,658.95 on the BSE, driven by a 2.7 percent rally on January 10. The surge came after Goldman Sachs reaffirmed its Buy rating on the stock, citing Reliance’s exposure to growing consumer and tech businesses. The 12-month target price was raised to Rs 2,885 from Rs 2,660. Goldman Sachs downgraded other oil stocks, including ONGC, Indian Oil, and Bharat Petroleum, citing less favorable risk-reward scenarios post recent rallies.
Below are the trading platforms that you can use to purchase Reliance Industries shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 2,960.28 | 2,574.16 |
| February 2024 | 3,020.69 | 2,626.69 |
| March 2024 | 3,082.34 | 2,680.30 |
| April 2024 | 2,992.56 | 2,602.23 |
| May 2024 | 2,948.34 | 2,563.77 |
| June 2024 | 3,054.48 | 2,656.07 |
| July 2024 | 3,023.93 | 2,629.51 |
| August 2024 | 3,144.89 | 2,734.69 |
| September 2024 | 3,270.69 | 2,844.08 |
| October 2024 | 3,206.56 | 2,788.31 |
| November 2024 | 3,302.75 | 2,871.96 |
| December 2024 | 3,385.32 | 2,943.76 |
In January 2024, Reliance Industries is expected to witness a share price between ₹2,574.16 and ₹2,960.28, with a fluctuating trend throughout the year. Notably, the stock’s highs and lows for the period stand at ₹3,385.32 and ₹2,563.77 in December 2024.
The current market cap is ₹18,54,778 Cr., and as of January 14, 2024, the stock is priced at ₹2,741, with a high/low range of ₹2,747/₹2,000. The stock’s P/E is 27.1, book value is ₹1,110, and dividend yield is 0.33%.
Additionally, the company reports ROCE and ROE at 9.14% and 8.94%, respectively, with a face value of ₹10.0.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,453.03 | 2,656.18 |
| February 2025 | 3,541.57 | 2,724.28 |
| March 2025 | 3,679.69 | 2,830.53 |
| April 2025 | 3,607.54 | 2,775.03 |
| May 2025 | 3,502.46 | 2,694.20 |
| June 2025 | 3,660.07 | 2,815.44 |
| July 2025 | 3,588.31 | 2,760.24 |
| August 2025 | 3,699.29 | 2,845.61 |
| September 2025 | 3,828.76 | 2,945.20 |
| October 2025 | 3,928.31 | 3,021.78 |
| November 2025 | 4,026.52 | 3,097.32 |
| December 2025 | 4,127.18 | 3,174.75 |
In 2025, Reliance Industries is anticipated to showcase a dynamic stock performance, with the share price ranging from a minimum of ₹2,656.18 in January to a maximum of ₹4,127.18 in December. The projections suggest potential fluctuations throughout the year, presenting both opportunities and challenges for investors.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,251.00 | 3,270.00 |
| February 2026 | 4,360.00 | 3,353.84 |
| March 2026 | 4,530.04 | 3,484.64 |
| April 2026 | 4,441.21 | 3,416.32 |
| May 2026 | 4,311.86 | 3,316.81 |
| June 2026 | 4,505.89 | 3,466.07 |
| July 2026 | 4,417.54 | 3,398.11 |
| August 2026 | 4,554.16 | 3,503.20 |
| September 2026 | 4,713.56 | 3,625.81 |
| October 2026 | 4,836.11 | 3,720.09 |
| November 2026 | 4,957.01 | 3,813.09 |
| December 2026 | 5,080.94 | 3,908.42 |
In 2026, Reliance Industries projects an upward trajectory for its share price, with estimates ranging from a minimum of ₹3,270.00 in January to a maximum of ₹5,080.94 in December. The forecast indicates potential growth and stability in the company’s stock performance throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 5,182.56 | 3,986.58 |
| February 2027 | 5,315.44 | 4,088.80 |
| March 2027 | 5,522.75 | 4,248.27 |
| April 2027 | 5,414.46 | 4,164.97 |
| May 2027 | 5,256.76 | 4,043.66 |
| June 2027 | 5,493.31 | 4,225.62 |
| July 2027 | 5,385.60 | 4,142.77 |
| August 2027 | 5,552.16 | 4,270.89 |
| September 2027 | 5,746.49 | 4,420.38 |
| October 2027 | 5,895.90 | 4,535.30 |
| November 2027 | 6,043.29 | 4,648.69 |
| December 2027 | 6,194.38 | 4,764.90 |
| When | Maximum Price | Minimum Price |
| January 2028 | 6,318.26 | 4,860.20 |
| February 2028 | 6,480.27 | 4,984.82 |
| March 2028 | 6,733.00 | 5,179.23 |
| April 2028 | 6,600.98 | 5,077.68 |
| May 2028 | 6,408.72 | 4,929.78 |
| June 2028 | 6,697.11 | 5,151.62 |
| July 2028 | 6,565.80 | 5,050.61 |
| August 2028 | 6,768.86 | 5,206.82 |
| September 2028 | 7,005.77 | 5,389.06 |
| October 2028 | 7,187.92 | 5,529.17 |
| November 2028 | 7,367.62 | 5,667.40 |
| December 2028 | 7,551.81 | 5,809.09 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,702.85 | 5,925.27 |
| February 2029 | 7,900.36 | 6,077.20 |
| March 2029 | 8,208.47 | 6,314.21 |
| April 2029 | 8,047.52 | 6,190.40 |
| May 2029 | 7,813.13 | 6,010.10 |
| June 2029 | 8,164.72 | 6,280.55 |
| July 2029 | 8,004.62 | 6,157.40 |
| August 2029 | 8,252.19 | 6,347.84 |
| September 2029 | 8,541.02 | 6,570.01 |
| October 2029 | 8,763.08 | 6,740.83 |
| November 2029 | 8,982.16 | 6,909.35 |
| December 2029 | 9,206.71 | 7,082.09 |
| When | Maximum Price | Minimum Price |
| January 2030 | 9,390.85 | 7,223.73 |
| February 2030 | 9,631.64 | 7,408.95 |
| March 2030 | 10,007.27 | 7,697.90 |
| April 2030 | 9,811.05 | 7,546.96 |
| May 2030 | 9,525.29 | 7,327.15 |
| June 2030 | 9,953.93 | 7,656.87 |
| July 2030 | 9,758.76 | 7,506.74 |
| August 2030 | 10,060.57 | 7,738.90 |
| September 2030 | 10,412.69 | 8,009.76 |
| October 2030 | 10,683.42 | 8,218.02 |
| November 2030 | 10,950.51 | 8,423.47 |
| December 2030 | 11,224.27 | 8,634.06 |
Financial Condition of Reliance Industries for the Last 5 Years
| Reliance Financials |
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (in Crore Rs) |
568,337 | 596,679 | 466,307 | 698,672 | 877,835 |
| Expenses (in Crore Rs) |
484,087 | 507,413 | 385,517 | 588,077 | 735,673 |
| Operating Profit (in Crore Rs) |
84,250 | 89,266 | 80,790 | 110,595 | 142,162 |
| Operating Profit Margin (%) |
15% | 15% | 17% | 16% | 16% |
| Other Income (in Crore Rs) |
8,406 | 8,570 | 22,432 | 17,928 | 12,176 |
| Interest (in Crore Rs) |
16,495 | 22,027 | 21,189 | 14,584 | 19,571 |
| Depreciation (in Crore Rs) |
20,934 | 22,203 | 26,572 | 29,797 | 40,303 |
| Profit before tax (in Crore Rs) |
55,227 | 53,606 | 55,461 | 84,142 | 94,464 |
| Tax % | 28% | 26% | 3% | 19% | 22% |
| Net Profit (in Crore Rs) |
39,837 | 39,880 | 53,739 | 67,845 | 74,088 |
| EPS (in Rs) | 58.55 | 58.20 | 77.50 | 89.74 | 98.59 |
| Dividend Payout (%) |
10% | 10% | 9% | 9% | 0% |
Reliance Financial Bank has shown steady growth in its revenue over the past five years.
The sales figures have steadily increased from ₹568,337 crore in March 2019 to ₹877,835 crore in March 2023, indicating a growth of approximately 54%. The operating profit has also increased from ₹84,250 crore in March 2019 to ₹142,162 crore in March 2023, representing a growth of around 68%.
The net profit has also shown a significant increase from ₹39,837 crore in March 2019 to ₹74,088 crore in March 2023, indicating a growth of more than 90%. The earnings per share have also shown an upward trend over the years, with a maximum of ₹98.59 in March 2023.
The price-to-earnings ratio has also been increasing over the years, indicating that the market has been willing to pay more for the company’s earnings. Despite the COVID-19 pandemic, Reliance Financial Bank has managed to maintain a stable growth rate in its profit and loss statement, with an increasing trend in revenue growth and operating profit margin.
The dividend payout ratio has also remained consistent over the years, indicating that the company has been able to maintain a stable dividend policy for its shareholders.
FAQS
As of January 14, 2024, Reliance’s share price is INR 2,741.
While it’s possible, it’s difficult to predict with certainty. It would require significant growth in Reliance’s various businesses and positive market conditions. As per our price prediction, Reliance may reach Rs. 5000 somewhere in 2026.
What are Reliance’s main sources of revenue?
Reliance’s main sources of revenue include its petrochemicals, refining, oil and gas exploration, telecommunications, and retail businesses.
How has Reliance performed in the telecommunications market?
Reliance’s telecommunications arm, Jio, has grown rapidly in recent years, with over 400 million subscribers and a significant market share in India’s mobile data and broadband markets.
What are some potential risks for Reliance’s stock?
Risks for Reliance’s stock include market volatility, global economic conditions, fluctuations in oil and gas prices, and regulatory changes.
What other factors should I consider when investing in Reliance’s stock?
Other factors to consider when investing in Reliance’s stock include the company’s financial performance, management team, competitive landscape, and overall market trends.
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Conclusion
In conclusion, Reliance Industries Limited (RIL) stands as a diversified giant with a vast portfolio encompassing petrochemicals, refining, telecommunications, and retail. Recent market highs, backed by Goldman Sachs’ positive outlook, affirm its potential.
Amidst projected share prices and robust financial growth, RIL’s consistent revenue and profit uptrend, especially in its telecommunications venture, Jio, signals resilience. Investors keen on steady growth and a dynamic market presence find RIL an intriguing prospect, although potential risks should be monitored. The company’s strategic evolution and market responsiveness make it a focal point for future evaluations and investments.
What did we learn?
- 1 Reliance Industries Achieves Record High Following Goldman Sachs’ Positive Outlook
- 2 How to purchase Reliance Industries shares?
- 3 Reliance Industries Share Price Prediction: 2024 to 2030
- 3.1 Reliance Industries Share Price Target 2024
- 3.2 Reliance Industries Share Price Target 2025
- 3.3 Reliance Industries Share Price Target 2026
- 3.4 Reliance Industries Share Price Target 2027
- 3.5 Reliance Industries Share Price Target 2028
- 3.6 Reliance Industries Share Price Target 2029
- 3.7 Reliance Industries Share Price Target 2030
- 4 Financial Condition of Reliance Industries for the Last 5 Years
- 5 FAQS
- 5.1 What is Reliance’s current share price?
- 5.2 Can Reliance’s share price reach INR 5,000 by 2025?
- 5.3 What are Reliance’s main sources of revenue?
- 5.4 How has Reliance performed in the telecommunications market?
- 5.5 What are some potential risks for Reliance’s stock?
- 5.6 What other factors should I consider when investing in Reliance’s stock?
- 6 Conclusion
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