Reliance Share Price Target 2025: Brokerage firm Nuvama Institutional Equities has maintained a Buy rating on Reliance Industries (NSE: RELIANCE) with a price target of Rs 1,708, implying an upside of 24.78 percent.
On Monday, Reliance closed 5.26 percent higher at Rs 1,368.80 apiece from the previous close of Rs 1,300.40. In comparison, the BSE Sensex was up 1.27 percent at 80,218.37. The 52-week high of the stock was at Rs 1,608.80 apiece and the 52-week low of the stock was at Rs 1,114.85. Reliance Industries is a large-cap company with a market cap of Rs 18.54 trillion, operating in the energy sector.
Reliance Share Price Target 2025 – Nuvama
According to Nuvama Institutional Equities, Reliance’s next phase of growth will be supported by the expansion of the new energy and oil-to-chemicals segments. It has maintained the Golden Refining Era thesis, which estimates gross refining margins in excess of USD 10 per barrel. The company has increased its EBITDA estimates for FY26 and FY27 by 3 percent each with strong performance in its telecom, retail, and O2C segments, as well as contributions from new energy. In view of these factors, Nuvama has retained its Buy rating with a price target of Rs 1,708 per share.
The broker projects that the new energy segment’s share of net profit could reach 12 percent by FY2030, aligning with Mukesh Ambani’s outlook that new energy and O2C profits will be equal between FY2029 and FY2031. Over time, this clean-tech vertical is expected to contribute more than 50 percent to consolidated profit after tax. The commissioning of a 1 GW heterojunction solar-module facility, scalable to 10 GW capacity by 2026, is projected to generate approximately Rs 6,000 crore in EBITDA, roughly 4 percent of FY25 EBITDA.
Latest News about Reliance
In other recent news, Reliance Industries reported a consolidated net profit of Rs 19,407 crore for Q4 FY25, a 2.4 percent year-on-year increase, while revenue rose by 10 percent to Rs 2.65 lakh crore, beating analyst estimates. Reliance Retail closed 2,155 stores in FY25 but opened 2,659 new outlets to increase operational efficiencies and margins. Following the positive quarterly results, the stock opened higher on Monday and hit an intraday high of Rs 1,374.60, up by 5.7 percent. Other brokerage firms, CLSA and Nomura, both have given a price target of Rs 1,650, while JP Morgan has kept a target of Rs 1,530 per share.
Reliance Share Price Target 2025
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