RIL share price: Reliance Industries Limited Its shares rose by up to 3.5 percent in intraday trading on Monday. The company has received support from strong September quarter numbers (Q2FY26). After good second quarter results, the stock has also got a thumbs up from brokerages. At present, this share is seen around Rs 1468 with an increase of Rs 52.20 i.e. 3.68 percent at around 1.45 pm.
Several brokerage firms such as Nomura, Morgan Stanley, Kotak Institutional Equities, JP Morgan and Macquarie have maintained their growth outlook on RIL post-Q2 results keeping in mind the strong performance of the company’s retail business, good earnings from the oil and chemical (O2C) segment and upcoming triggers from Jio’s tariff hike and new energy business. Bullish on Laker.
The company’s profit in the second quarter of the financial year 2025-26 has increased by 14.3 percent to Rs 22,092 crore as compared to the same period last year. The main reason for this has been the good growth in oil-to-chemical (O2C), retail and digital businesses. The company’s capex during the quarter stood at Rs 40,000 crore and net debt remained flat. Market experts believe that due to the improvement in the retail sector and continuous profits from the telecom segment, the performance of all the important sectors of the company has been balanced.
Nomura’s opinion on RIL
Nomura has advised to buy RIL shares with a target of Rs 1,700 per share. The brokerage firm says that due to good growth in the retail sector in the second quarter, the company has increased its EBITDA estimates by 4 percent and 12 percent for FY26 and FY27. The brokerage firm has identified three key drivers for RIL’s next growth phase. These are the expansion of new energy business, increase in Jio’s tariff and possible IPO of Jio in the first half of financial year 2026.
Morgan Stanley’s opinion on RIL
Morgan Stanley has given this stock an overweight rating and a target of Rs 1,701. The brokerage has said that strength in the company’s earnings will help in re-rating the stock.
Kotak Institutional Equities Opinion
Kotak Institutional Equities has given ‘add’ call on RIL with a target of Rs 1,600. Brokerage says that both the company’s retail and overall EBITDA have been better than estimates. The brokerage says retail, telecom and digital businesses remain strong, even as O2C continues to face challenges.
JP Morgan’s opinion on RIL
JP Morgan has also given overweight call on the stock with a target of Rs 1,695. It says RIL’s strong second quarter growth is indicative of strong refining margins. At the same time, O2C’s earnings are expected to increase due to favorable currency conditions. Apart from this, the company will also benefit from the strong performance of retail and Reliance Jio.
Market mantra: Our market will leave other countries behind, there is no option other than bullish outlook on India – Ridham Desai
Macquarie’s opinion on RIL
Macquarie has given outperform rating to the stock with a target of Rs 1,650. The brokerage says that the company has seen very good changes in its businesses like Retail, Jio, O2C and JioStar. The company’s earnings are expected to increase continuously till the financial year 2025-28.
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