When it comes to the Indian stock market, few names command attention like Reliance Industries. Reliance Share Price Surges, After its latest quarterly results, the reliance share price made an impressive leap, leaving investors buzzing with one major question — is now the perfect moment to buy?
Let’s dive deep into what’s behind this sudden excitement, how the numbers stack up, and what top analysts are predicting for the future.
Reliance Share Price Hits A Five-Month High
On Monday, April 28, shares of Reliance Industries Ltd. (RIL) jumped 3.4% in early trade, reaching a five-month high of ₹1344 apiece. This surge wasn’t just out of the blue — it came hot on the heels of a blockbuster quarterly performance that left analysts singing praises and hiking their target prices.
For a company that already wears the crown as India’s most valuable by market capitalization, this latest rally was like adding an extra cherry on top.
Breaking Down Reliance’s Strong Q4FY25 Numbers
So, what’s got everyone so excited? Let’s unpack the numbers.
Reliance Industries reported a consolidated profit of ₹22,434 crore for the January-March quarter. To put it in perspective, that’s way above the ₹18,471 crore average estimate from analysts polled by Bloomberg.
Compared to last year’s ₹21,143 crore, that’s a healthy 6% jump. Their revenue from operations wasn’t too shabby either, rising to ₹2.61 lakh crore from ₹2.4 lakh crore a year ago.
In simple words: Reliance smashed expectations.
Operating Performance: A Mixed Bag
While the overall mood is upbeat, it’s important to note that not every number was a home run. Operating profit rose nearly 4% to ₹48,737 crore. However, there was a slight dip in the EBITDA margin, falling by 90 basis points to 16.9%.
Think of it like scoring a goal but missing the celebration dance — solid, but not perfect.
Annual Performance: A Record-Setting Year
Zooming out to the bigger picture, Reliance’s financial year 2025 (FY25) was a record-breaker.
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Consolidated revenue hit ₹10,71,174 crore — a 7.1% year-over-year rise.
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Consolidated PAT (Profit After Tax) climbed 2.9% YoY to ₹81,309 crore.
When you’re dealing with numbers this massive, even small percentage increases mean gigantic amounts of money.
New Energy Dreams Are Taking Shape
Reliance isn’t just resting on its laurels. The company shared exciting updates in its investor presentation, announcing that it had commissioned its first line for manufacturing solar panels.
And that’s not all — battery storage production facilities are also in the pipeline.
It’s part of a bold $10-billion investment plan announced in 2021, targeting renewables, storage, and hydrogen, with an ambitious goal to hit net zero emissions by 2035. In other words, Reliance is playing the long game.
India’s First Company With ₹10 Trillion Net Worth
Here’s another headline that should grab your attention: Reliance Industries is now the first company in India to achieve a net worth of over ₹10 trillion.
That’s trillion, with a T. If that doesn’t impress you, nothing will!
What Top Brokerages Are Saying About Reliance Share Price
Now, let’s get into the juicy details — what the experts think. Several big-name brokerages have upgraded their target prices for reliance share price after the Q4 results. Let’s see what they’re predicting:
Nomura: Bullish On Reliance
Japanese brokerage firm Nomura has kept its “Buy” rating and bumped the target price up to ₹1,650.
They’re bullish for three big reasons:
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Growth in the new energy business
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Possible tariff hikes for Jio
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Potential IPO or listing of Jio
Each of these could be a powerful catalyst for the stock.
JP Morgan: Overweight And Optimistic
JP Morgan echoed Nomura’s optimism, maintaining an “Overweight” stance with a new target price of ₹1,530.
They particularly liked the 16% year-over-year growth in Reliance Retail’s revenue and EBITDA. They believe this could support near-term stock performance in a big way.
Morgan Stanley: Impressed With Execution
Morgan Stanley wasn’t left behind either. They stuck with an “Overweight” call and lifted their target price to ₹1,606.
Why so bullish? Because Reliance outperformed expectations across both operations and earnings, especially in retail and the oil-to-chemicals (O2C) segments.
Macquarie: Outperform, With Cautious Optimism
Macquarie kept their “Outperform” rating and set a target price of ₹1,500. They noted that while Q4 was largely in line with expectations, Jio remained the biggest EBIT contributor.
Retail growth momentum also picked up — from 3% in early FY25 to 16% in March, with mild margin expansion thrown in for good measure.
Nuvama: Highest Target Among Peers
Homegrown brokerage Nuvama Institutional Equities delivered the most bullish target yet — ₹1,708!
Nuvama highlighted the strong Q4 EBITDA beat and pointed out the commissioning of RIL’s new Heterojunction Technology (HJT) solar module facility as a huge positive for the company’s New Energy ambitions.
How Jio And Jio Finance Play Into The Picture
It’s impossible to talk about Reliance’s future without mentioning Jio and Jio Finance.
Jio’s upcoming tariff hikes could be a game-changer, massively boosting revenues. Plus, any move toward a public listing or IPO of Jio or Jio Finance could unleash massive hidden value.
Imagine discovering treasure in a chest you already own — that’s the kind of potential we’re looking at here.
Challenges To Keep In Mind
Now, before you rush to hit the “Buy” button, remember — no stock is without its risks.
Reliance’s core oil-to-chemicals business is still facing global challenges like fluctuating crude prices and demand uncertainties. Plus, competition in telecom and retail remains fierce.
As with any investment, it’s wise to weigh the risks along with the rewards.
Conclusion
Based on everything we’ve seen — from the blockbuster Q4 numbers to bullish brokerage targets — the outlook for reliance share price looks pretty strong.
Sure, there are some challenges ahead, but Reliance is clearly firing on multiple cylinders: retail, telecom, new energy, and more. Plus, the possibility of big moves in Jio and Jio Finance could add extra rocket fuel.
If you’re looking for a blue-chip stock with multi-sector dominance and future growth potential, Reliance might just be your golden ticket.
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Final Thoughts
Investing isn’t just about chasing today’s winners — it’s about spotting tomorrow’s leaders. And right now, reliance share price is giving every sign that it’s ready for an exciting journey ahead.
Of course, always do your homework, and maybe chat with your financial advisor if you’re unsure. But if there ever was a stock to keep a close eye on, Reliance Industries is surely it.