Reliance Industries Share Price: Mukesh Ambani-owned Reliance Industries’ stock will be in focus in today’s trading session as the shares are expected to react after the company reported a consolidated net profit of Rs 20,946 crore for the first quarter of FY27.
Ahead of today’s trading session, the share price of RIL settled 2.4 per cent higher, or up Rs 30.6, at Rs 1,327.20. The stock touched a high of Rs 1,330.30 during the previous session. (Reliance Industries Share Price)
On July 17, the company reported that its revenue from operations rose 25.4 per cent to Rs 3.12 trillion from Rs 2.49 trillion a year earlier. The company’s total segment earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 9.9 per cent year-on-year to Rs 51,403 crore.
Revenue from Reliance’s oil-to-chemicals (O2C) business increased 30.4 per cent year-on-year to Rs 2.02 trillion. The segment’s EBITDA rose 17.2 per cent to Rs 17,010 crore.
Digital services revenue increased 11.8 per cent year-on-year to Rs 46,900 crore, while segment EBITDA rose 16.1 per cent to Rs 21,255 crore.
The brokerage said improved energy profitability drove EBITDA growth, offsetting softer Reliance Retail trends. RIL’s O2C and E&P businesses rebounded, while Jio remained stable. MOSL expects consolidated EBITDA and PAT to grow at around 9-10 per cent CAGR through FY26-28, supporting its bullish stance.
Nuvama sees 33 per cent upside
Nuvama has maintained a Buy rating on Reliance Industries (RIL) with a target price of Rs 1,765 per share, citing strong Q1FY27 EBITDA growth and new energy expansion plans. The target price suggests an upside of around 33 per cent from the current market price.
The brokerage highlighted that RIL’s EBITDA rose 11 per cent year-on-year to Rs 475 billion, supported by the O2C and Digital businesses, although Retail performance remained a concern.
Nuvama noted rapid solar capacity expansion, which could boost profitability, and expects renewable energy initiatives to support earnings growth. The brokerage sees further upside, with RIL trading at an estimated 21x FY28E EPS.
Emkay holds a bullish stance on RIL
Emkay has retained its Buy rating on Reliance Industries (RIL) with a target price of Rs 1,680 per share, indicating an upside of 27 per cent, following a strong Q1FY27 performance.
RIL’s consolidated EBITDA and PAT beat estimates, supported by robust O2C and upstream earnings, while Retail remained a drag due to margin pressure.
Emkay noted stable Jio margins and management’s confidence in doubling Retail EBITDA by FY29. The brokerage expects improved O2C performance to drive growth and has rolled forward its valuation to June 2028 earnings.
| Brokerage | RIL share price target | Upside % |
| Motilal Oswal | 1,550 (BUY) | ~17% |
| Nuvama | 1,765 (BUY) | ~33% |
| Emkay | 1,680 (BUY) | ~27% |
The upside suggested by brokerages reflects a possible turnaround for the stock after the rough patch it has witnessed in 2026. The stock has declined over 15 per cent since January 1 and has fallen around 10 per cent in the last one year.
While long-term returns have remained positive, they have not been particularly strong. The stock has gained slightly over 1 per cent in the last three years, while delivering returns of around 27 per cent over the last five years.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
