Introduction:
An Ambani stock has been assigned a target price of ₹1516, indicating a 19.60% upside from current levels. This reflects strong growth prospects and investor confidence in its expanding presence across energy, retail, and other key sectors driving future performance.
Share price movement of Reliance Industries:
As of November 14, Reliance Industries Ltd opened at ₹1,254.55, reaching an intraday high of ₹1,272.50 and a low of ₹1,252.25. The stock closed higher at ₹1,267.70, reflecting stable trading and investor interest throughout the session.
Reliance Industries Target:
Reliance Industries has been assigned a target price of ₹1516, reflecting a potential upside of 19.60% from its current levels. This projection highlights the company’s strong growth prospects and investor optimism about its performance in the evolving energy and retail sectors.
Reason for the target for Reliance Industries
Geojit has set a target price of ₹1,516 for Reliance Industries Limited (RIL) based on the following factors:
- Oil to Chemicals (O2C) Segment Performance: The O2C segment, contributing 66% to RIL’s revenue, grew by 18.7% year-over-year, driven by strong oil demand and favourable fuel cracks.
- Retail Business Expansion: RIL’s retail segment experienced a 30.4% increase in revenue, attributed to higher footfalls and store expansion, indicating robust consumer demand.
- Digital Services Growth: The digital services segment reported a 19.6% rise in revenue, with average revenue per user increasing by 6.7% to ₹178.8, reflecting a growing subscriber base and accelerated 5G deployment.
- Oil and Gas Segment Upsurge: The oil and gas division’s revenue surged by 120% year-over-year to ₹16,508 crore, benefiting from higher energy prices and increased production.
- Strategic Investments and Future Outlook: RIL’s focus on new giga energy projects and expansion into fast-moving consumer goods and beauty businesses is expected to drive future growth, supporting the target price.
Recent news About Reliance Industries
Reliance Industries Limited (RIL) has been actively expanding its media presence. On November 14, 2024, RIL and Walt Disney completed an $8.5 billion merger of their Indian media assets, forming a new entity with divisions in entertainment, digital, and sports, each led by its own CEO
Stock performance of Reliance Industries for Period of 1 week, 6 months and 1 year:
Reliance Industries’ stock showed mixed performance, declining by 1.26% over the past week and 11.7% over six months. However, it delivered a modest gain of 7.39% over the past year, reflecting varied investor sentiment across different time periods.
Shareholding pattern of Reliance Industries
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 50.24 | 50.33 | 50.31 |
| FII | 21.3 | 21.75 | 22.06 |
| DII | 17.69 | 17.42 | 17.09 |
| Retail & others | 10.78 | 10.5 | 10.54 |
About Reliance Industries:
Reliance Industries is a diversified conglomerate and a leader in India’s energy, petrochemicals, retail, and digital services sectors. With global operations, it drives innovation across industries, focusing on sustainability, technology, and consumer-centric solutions, making it a key player in India’s economic growth story.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
