One of the biggest corporations in India, Reliance Industries Limited (RIL), has holdings in a number of industries, including media, telecommunications, retail, and petrochemicals. The company is a major player on the Indian stock market, and investors have long been attracted to its shares.
Investors and analysts have been debating the share price of Reliance Industries extensively. While some industry professionals think the stock is overpriced, others think it represents a fantastic long-term investment opportunity. This article will examine the numerous variables that might have an effect on Reliance’s target share price, such as the company’s financial performance, the regulatory landscape, and general economic trends. We’ll also assess professional viewpoints and provide our viewpoint on what investors should do.
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Contents
RELIANCE IN RECENT NEWS
- As per a brokerage firm, the shares of Reliance Industries are demonstrating outstanding performance and hold substantial potential for upward growth.
- In a span of only two trading days, the stock of an electric vehicle (EV) company witnessed a significant surge of 35% after establishing a partnership with Reliance Industries.
- At the GIS 2023 conference, Mukesh Ambani made an announcement regarding Reliance’s intention to set up a solar energy project with a capacity of 10 gigawatts in Andhra Pradesh..
RELIANCE SHARE PRICE TARGET 2023
| RELIANCE SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| July 2023 | ₹3,144.24 | ₹2,418.65 |
| August 2023 | ₹3,458.66 | ₹2,660.51 |
| September 2023 | ₹3,631.60 | ₹2,793.54 |
| October 2023 | ₹3,458.66 | ₹2,660.51 |
| November 2023 | ₹3,804.53 | ₹2,926.56 |
| December 2023 | ₹4,261.07 | ₹3,277.75 |
As we look ahead to 2023, analysts predict a strong upward trend for Reliance Industries’ shares. The table above shows that the minimum and maximum prices for the company’s shares are expected to increase steadily throughout the year, with the December 2023 price estimated to be as high as ₹4,261.07. This represents a potential growth percentage of over 130% from the minimum price projected for June 2023.
Moreover, the share price forecast for Reliance Industries suggests a bullish outlook, with the projected maximum price for December 2023 surpassing the current price by a considerable margin. This indicates that investors hold a positive sentiment regarding the company’s financial performance and anticipate substantial growth in the upcoming year.
RELIANCE SHARE PRICE TARGET 2024
| RELIANCE SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹4,485.34 | ₹1037.03 |
| February 2024 | ₹5,039.71 | ₹4,199.76 |
| March 2024 | ₹5,304.96 | ₹4,312.97 |
| April 2024 | ₹4,822.69 | ₹3,709.76 |
| May 2024 | ₹4,018.91 | ₹3,091.47 |
| June 2024 | ₹4,822.69 | ₹3,709.76 |
| July 2024 | ₹4,099.28 | ₹3,177.74 |
| August 2024 | ₹4,509.21 | ₹3,578.74 |
| September 2024 | ₹4,734.67 | ₹3,642.06 |
| October 2024 | ₹5,570.20 | ₹4,284.77 |
| November 2024 | ₹5,848.72 | ₹4,499.01 |
| December 2024 | ₹5,965.69 | ₹4,588.99 |
The estimated maximum and minimum prices for the company’s shares show a substantial growth potential for investors, with the December 2024 price projected to be as high as ₹5,965.69, while the minimum price is estimated at ₹4,588.99. This indicates a potential growth percentage of over 25% from the minimum price projected for December 2024.
The estimated maximum price of ₹5,965.69 suggests that the trend for Reliance Industries’ shares is likely to remain bullish, as it represents a significant increase from the current price. Furthermore, the minimum and maximum prices throughout the year indicate that the share price target is likely to experience an overall uptrend in 2024, with some fluctuations in between.
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RELIANCE SHARE PRICE TARGET 2025
| RELIANCE SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹6,085.00 | ₹4,680.77 |
| February 2025 | ₹6,405.27 | ₹4,927.13 |
| March 2025 | ₹6,725.53 | ₹5,173.48 |
| April 2025 | ₹6,004.94 | ₹4,619.18 |
| May 2025 | ₹5,459.03 | ₹4,199.26 |
| June 2025 | ₹6,004.94 | ₹4,619.18 |
| July 2025 | ₹5,718.99 | ₹4,399.22 |
| August 2025 | ₹5,957.28 | ₹4,582.52 |
| September 2025 | ₹6,255.14 | ₹4,811.65 |
| October 2025 | ₹6,630.45 | ₹5,100.35 |
| November 2025 | ₹7,094.58 | ₹5,457.37 |
| December 2025 | ₹7,236.47 | ₹5,566.52 |
The maximum price for January 2025 is predicted to be ₹6,085.00 while the minimum price is expected to be ₹4,680.77. The bullish trend is expected to continue through the year, with the maximum share price target of ₹7,236.47 in December 2025 and the minimum share price target of ₹5,566.52 in the same month. This indicates that investors may see a growth percentage in their investments in Reliance Industries shares in 2025. With the company’s continued focus on innovation, growth and sustainability, it will be interesting to see how the market responds to the company’s performance in the coming years.
RELIANCE SHARE PRICE TARGET 2026 TO 2030
| RELIANCE SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹5,065.53 | ₹3,545.87 |
| 2027 | ₹4,305.70 | ₹3,013.99 |
| 2028 | ₹7,750.26 | ₹5,425.19 |
| 2029 | ₹15,920.24 | ₹11,144.17 |
| 2030 | ₹17,729.36 | ₹12,410.55 |
The maximum price target for 2026 is predicted to be at ₹5,065.53, while the minimum price is estimated at ₹3,545.87. Moving forward, the minimum price target for 2027 is expected to be at ₹3,013.99, while the maximum is anticipated to be ₹4,305.70. However, in 2028, the stock price is expected to have a significant increase, with the maximum price target predicted to be ₹7,750.26, and the minimum at ₹5,425.19. Similarly, the predicted price targets for 2029 and 2030 show a bullish trend with the maximum price targets at ₹15,920.24 and ₹17,729.36 respectively and the minimum targets at ₹11,144.17 and ₹12,410.55 respectively. Therefore, it seems that the future is optimistic for Reliance Industries shares, with an overall uptrend in the long run.
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FINANCIAL STRENGTH OF RELIANCE (2019 TO 2023)
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales | 568,337 | 596,679 | 466,307 | 698,672 | 879,468 |
| Expenses | 484,087 | 507,413 | 385,517 | 588,077 | 736,603 |
| Operating Profit | 84,250 | 89,266 | 80,790 | 110,595 | 142,865 |
| OPM % | 15% | 15% | 17% | 16% | 16% |
| Other Income | 8,406 | 8,570 | 22,432 | 17,928 | 11,826 |
| Interest | 16,495 | 22,027 | 21,189 | 14,584 | 19,571 |
| Depreciation | 20,934 | 22,203 | 26,572 | 29,797 | 40,319 |
| Profit before tax | 55,227 | 53,606 | 55,461 | 84,142 | 94,801 |
| Tax % | 28% | 26% | 3% | 19% | 22% |
| Net Profit | 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% |
Based on the financial data provided for the last five years, the following key points can be highlighted:
1. Sales Performance: Reliance Industries experienced fluctuations in sales during this period, with a peak of Rs 879,468 crore in Mar 2023 and a low of Rs 466,307 crore in Mar 2021.
2. Operating Profit: The company’s operating profit showed variations, reaching a high of Rs 142,865 crore in Mar 2023 and a low of Rs 80,790 crore in Mar 2021.
3. Other Income: Reliance Industries generated additional income through sources other than its primary operations. Other income increased significantly in Mar 2022 to Rs 22,432 crore, contributing to the company’s overall profitability.
4. Net Profit: The company witnessed a growth in net profit over the analyzed period, with Mar 2023 recording the highest at Rs 74,088 crore, while Mar 2021 had a net profit of Rs 53,739 crore.
5. Earnings per Share (EPS): Reliance Industries saw an upward trend in EPS, indicating improved profitability per share. The EPS increased from Rs 58.55 in Mar 2019 to Rs 98.59 in Mar 2023.
6. Dividend Payout: The dividend payout percentage remained steady, except for a notable decrease to 0% in Mar 2023, indicating a change in the company’s dividend distribution policy.
Overall, Reliance Industries demonstrated mixed financial performance, with fluctuations in sales and operating profit. However, the company showed growth in net profit and earnings per share over the analyzed period.
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FAQ’s
The maximum share price of Reliance in 2027 is Rs. 4305.70
The maximum share price of Reliance in 2029 is Rs. 15920.24
The maximum share price of Reliance in 2030 is Rs. 17729.36
POINTS TO KEEP IN MIND WHILE INVESTING IN RELIANCE INDUSTRIES LTD
- Company has a low return on equity of 8.02% over last 3 years.
CONCLUSION: RELIANCE
According to RELIANCE’s financial filings for the previous five years, both sales and profit have significantly increased. With a growth rate of 47.94% in FY 2022 compared to FY 2021, the overall revenue has increased steadily throughout the years. Also, there has been a consistent rise in profit after tax (PAT), which saw a growth rate of 23.56% in FY 2022 over the previous year. A consistent performance is shown by the operating profit margin and net profit margin, which have remained comparatively stable over time.
The growth rate has been inconsistent, with a negative growth rate of -20.87% in FY 2021, it is crucial to remember this. Also, the basic EPS has been rising, but not very quickly.
However, it is important to conduct thorough research and analysis, considering other factors such as market conditions, industry trends, and future prospects, before making any investment decisions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.