Reliance Industries Share: Nifty 50 giant Reliance Industries Limited (RIL) will soon declare its third quarter FY25 results. The company has said that it is going to announce its quarterly results next Thursday i.e. on January 16. In the exchange filing, the company also said that it will make public a presentation for the last quarter for analysts and media. Shares of Reliance Industries have been in the news in recent times. The stock had hit its 52-week low of Rs 1202.10 on December 12, 2024, after which many brokerage firms looked bullish on the stock.
Brokerage opinion on Reliance Industries
Brokerage firm Bernstein on Wednesday said 2025 will be a period of recovery for Reliance Industries, with telecom and retail verticals leading earnings growth for the year. Also, refining margins are also expected to rise. Bernstein said Reliance Industries’ valuation is at a three-year low and this makes the risk-reward attractive for the stock.
What is the target of Reliance Industries?
Bernstein has given “Outperform” rating to Reliance Industries with a target price of ₹1520. Jefferies has also reiterated its “Buy” rating on Reliance Industries with a target price of ₹1690. Shares of Reliance Industries have fallen by 0.77 percent today and the stock closed at Rs 1255 on BSE.
The brokerage expects Reliance Industries’ EBITDA to grow 14 per cent in FY26, with all segments contributing to the growth. Jefferies also said that the valuation of Reliance Industries is the lowest since the Covid-19 shock in March 2020. Of the 39 analysts covering Reliance Industries, 33 have given a “Buy” rating, while three each have advised to hold and sell.
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