RELIANCE SHARE PRICE TARGET 2024, 2025, 2026 TO 2030

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 Surpasses Milestones with Strong Q4 FY24 Performance

  • Reliance Industries Ltd (RIL) reported Q4 FY24 results with a robust financial performance.
  • Annual profit reached a record high of Rs 69,621 crore, demonstrating strong profitability.
  • Q4 revenue surged to Rs 2.36 lakh crore, driven primarily by higher oil prices.
  • RIL achieved a historic milestone, becoming the first Indian company to surpass Rs 10 lakh crore in turnover in FY24.
  • Core segments like oil and petrochemicals showed signs of recovery, contributing to stable profitability.
  • Consumer-facing businesses, including telecom and retail, maintained strong performances.
  • Consolidated revenue reached Rs 1,000,122 crore, with significant year-on-year growth in EBITDA and PBT.
  • Leadership, led by Mukesh Ambani, emphasized RIL’s contributions to the Indian economy and commitment to fostering growth across sectors.
  • Overall, RIL’s Q4 FY24 results underscore its resilience and strategic positioning in the market amidst prevailing challenges.

How to purchase Reliance Industries shares?

Below are the trading platforms that you can use to purchase Reliance Industries shares:

  • Zerodha
  • Upstox
  • Groww
  • AngelOne
  • ICICIDirect

Reliance Industries Share Price Prediction: 2024 to 2030

Reliance Industries Share Price Target 2024

When Maximum Price Minimum Price
May 2024 3,029.40 2,634.26
June 2024 3,138.46 2,729.09
July 2024 3,107.07 2,701.80
August 2024 3,231.36 2,809.88
September 2024 3,360.61 2,922.27
October 2024 3,294.72 2,864.97
November 2024 3,393.56 2,950.92
December 2024 3,478.40 3,024.69

Reliance Industries’ share price targets for 2024 show a potential upward trend, with projections ranging from ₹2,634.26 to ₹3,478.40 by December. The current price is ₹2,805 (as of May 13, 2024), with a market cap of ₹18,97,844 Cr.

Reliance Industries Share Price Target 2025

When Maximum Price Minimum Price
January 2025 3,547.97 2,729.20
February 2025 3,638.94 2,799.18
March 2025 3,780.86 2,908.35
April 2025 3,706.72 2,851.33
May 2025 3,598.76 2,768.28
June 2025 3,760.70 2,892.85
July 2025 3,686.96 2,836.13
August 2025 3,800.99 2,923.84
September 2025 3,934.03 3,026.18
October 2025 4,036.31 3,104.86
November 2025 4,137.22 3,182.48
December 2025 4,240.65 3,262.04

Reliance Industries’ share price targets for 2025 show a progressive increase, with estimates ranging from ₹2,729.20 to ₹4,240.65 by December. This reflects potential growth and market optimism in the coming year.

Reliance Industries Share Price Target 2026

When Maximum Price Minimum Price
January 2026 4,367.87 3,359.90
February 2026 4,479.87 3,446.05
March 2026 4,654.58 3,580.45
April 2026 4,563.32 3,510.24
May 2026 4,430.41 3,408.00
June 2026 4,629.77 3,561.36
July 2026 4,538.99 3,491.53
August 2026 4,679.37 3,599.52
September 2026 4,843.15 3,725.50
October 2026 4,969.08 3,822.37
November 2026 5,093.30 3,917.92
December 2026 5,220.63 4,015.87

Reliance Industries Share Price Target 2027

When Maximum Price Minimum Price
January 2027 5,325.05 4,096.19
February 2027 5,461.59 4,201.22
March 2027 5,674.59 4,365.07
April 2027 5,563.32 4,279.48
May 2027 5,401.28 4,154.83
June 2027 5,644.34 4,341.80
July 2027 5,533.67 4,256.67
August 2027 5,704.81 4,388.32
September 2027 5,904.48 4,541.91
October 2027 6,058.00 4,660.00
November 2027 6,209.45 4,776.50
December 2027 6,364.68 4,895.91

Reliance Industries Share Price Target 2028

When Maximum Price Minimum Price
January 2028 6,491.98 4,993.83
February 2028 6,658.44 5,121.88
March 2028 6,918.12 5,321.63
April 2028 6,782.47 5,217.28
May 2028 6,584.92 5,065.32
June 2028 6,881.24 5,293.26
July 2028 6,746.32 5,189.47
August 2028 6,954.96 5,349.97
September 2028 7,198.39 5,537.22
October 2028 7,385.55 5,681.19
November 2028 7,570.18 5,823.22
December 2028 7,759.44 5,968.80

Reliance Industries Share Price Target 2029

When Maximum Price Minimum Price
January 2029 7,914.63 6,088.18
February 2029 8,117.57 6,244.28
March 2029 8,434.15 6,487.81
April 2029 8,268.78 6,360.60
May 2029 8,027.94 6,175.34
June 2029 8,389.20 6,453.23
July 2029 8,224.70 6,326.69
August 2029 8,479.07 6,522.36
September 2029 8,775.84 6,750.65
October 2029 9,004.01 6,926.16
November 2029 9,229.11 7,099.32
December 2029 9,459.84 7,276.80

Reliance Industries Share Price Target 2030

When Maximum Price Minimum Price
January 2030 9,649.04 7,422.34
February 2030 9,896.45 7,612.65
March 2030 10,282.41 7,909.55
April 2030 10,080.80 7,754.46
May 2030 9,787.18 7,528.60
June 2030 10,227.60 7,867.39
July 2030 10,027.06 7,713.12
August 2030 10,337.18 7,951.68
September 2030 10,698.98 8,229.98
October 2030 10,977.15 8,443.96
November 2030 11,251.58 8,655.06
December 2030 11,532.87 8,871.44

Financial Condition of Reliance Industries for the Last 5 Years

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 596,679 466,307 698,672 876,396 901,064
Expenses + 507,413 385,517 588,077 734,078 738,831
Operating Profit 89,266 80,790 110,595 142,318 162,233
OPM % 15% 17% 16% 16% 18%
Other Income + 8,570 22,432 17,928 12,020 16,444
Interest 22,027 21,189 14,584 19,571 23,118
Depreciation 22,203 26,572 29,797 40,303 50,832
Profit before tax 53,606 55,461 84,142 94,464 104,727
Tax % 26% 3% 19% 22% 25%
Net Profit + 39,880 53,739 67,845 74,088 79,020
EPS in Rs 58.2 77.5 89.74 98.59 102.9
Dividend Payout % 10% 9% 9% 9% 10%

Over the observed period spanning from March 2020 to March 2024, the company’s financial performance has undergone notable shifts and advancements. Sales figures initially stood at INR 596,679 crores in March 2020, experiencing fluctuations before culminating at INR 901,064 crores in March 2024, showcasing a marked upward trajectory reflective of the company’s growth strategies and market dynamics. Despite encountering escalating expenses, the company effectively managed its operational costs, leading to a consistent rise in operating profit, which surged from INR 89,266 crores in March 2020 to INR 162,233 crores in March 2024, underscoring its operational efficiency and adaptability. Diversification of income streams emerged as a pivotal aspect of the company’s financial strategy, with other income steadily augmenting from INR 8,570 crores in March 2020 to INR 16,444 crores in March 2024, indicating the company’s proactive approach to bolstering revenue streams beyond core sales activities. Throughout the period, fluctuations in interest and depreciation expenses were observed, yet the company demonstrated resilience, maintaining a trajectory of growth in profit before tax, which ascended to INR 104,727 crores in March 2024, signaling sustained profitability and financial robustness. Moreover, the company’s commitment to shareholder value was evident through its consistent dividend payout percentage, hovering around 9-10%, affirming its dedication to providing returns to investors while fortifying its financial foundation for future endeavors.

FAQS

What is Reliance’s current share price?

As of May 13th, 2024, Reliance’s share price is ₹2,805.

Can Reliance’s share price reach INR 5,000 by 2025?

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 is the Share Price Target of RIL for 2030?

The Share Price Target of RIL is expected to reach 11,532.87 by the end of 2030.

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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’s Q4 FY24 results showcase a stellar performance across key financial metrics. The company reported a record-breaking annual profit of Rs 69,621 crore, marking a significant increase and underlining its strong profitability. Q4 revenue surged to Rs 2.36 lakh crore, driven primarily by higher oil prices, reflecting the company’s ability to capitalize on market opportunities. Additionally, RIL achieved a historic milestone by surpassing Rs 10 lakh crore in turnover for FY24, highlighting its robust growth trajectory and strategic positioning in the market. Overall, the Q4 FY24 results underscore Reliance’s resilience, adaptability, and continued commitment to delivering value to its stakeholders amidst challenging market conditions.

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.

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Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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