RIL Share Price Rally

Shares of Mukesh Ambani-led Reliance Industries (RIL) have witnessed an impressive rally this year, significantly outperforming the Indian equity benchmark indices. This surge has added a monumental $40 billion to the company's market capitalization, marking its best performance against the Nifty50 in the last five years.

Under the leadership of Asia's wealthiest individual, Mukesh Ambani, Reliance Industries has not only seen a 22% increase in market value since January but also contributed to nearly one-third of the benchmark index's total value increase in 2025.

Analysts' Optimistic Outlook

Analysts are bullish on RIL's continued growth potential, citing enhanced refining margins and robust performances in its telecommunications and retail divisions. The company's net income for the April-June quarter is expected to surge by nearly 33%, the highest growth in three years.

According to Harshraj Aggarwal of Yes Securities India Ltd., RIL's oil-to-chemicals division stands to benefit from higher refining margins, while its telecom unit, Jio, is anticipated to show improvements in both per-user revenue and subscriber growth.

Investment Recommendations

Bloomberg data indicates overwhelming confidence among analysts covering Reliance, with only two recommending selling and one suggesting holding. The collective price target suggests a 7% potential increase from Thursday's closing price.

"While some near-term consolidation is possible, the overall technical setup remains favorable for continued upside," said Ajit Mishra of Religare Broking Ltd., hinting at a potential rally towards the 1,600–1,620 rupees range.