Reliance Industries Stock Update: Share Price Rises on Bond Issue
Reliance Industries (RELIANCE) share price is trading at ₹1,193.20, up 0.95% intraday, as the company proceeds with a ₹12,000 crore bond issue and analysts maintain a positive outlook.
Reliance Industries (RELIANCE) is witnessing a positive trading session, with its share price currently at ₹1,193.20, marking a notable gain of 0.95% from its previous close and opening price of ₹1,182.00. The diversified conglomerate's stock has shown resilience today, climbing from an intraday low of ₹1,181.70 to hit a high of ₹1,193.40. Volume for the session stands at 1,662,360 shares, indicating active participation as the stock attempts to reclaim lost ground. Infosys Stock Update: Share Price Slips Amidst Guidance Cut Fears.
| RELIANCE – Stock Updates as of (9:25AM, 30 Sep 2026) | |||
|
LTP
₹1,193.20 |
Open
₹1,182.00 |
High
₹1,193.40 |
Low
₹1,181.70 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
1,662,360 |
% Chg
+0.95% |
52-Week Context
Today's upward movement for Reliance Industries comes at a critical juncture, with the stock trading precariously close to its 52-week low of ₹1,181.80. The current price of ₹1,193.20 remains significantly distant from its 52-week high of ₹1,611.80, underscoring the substantial correction the stock has undergone over the past year. This intraday bounce, therefore, represents a crucial test of support near its annual floor, suggesting a potential short-term reversal from recent lows.
Latest Developments
The current positive momentum appears to be underpinned by recent corporate actions and a supportive analyst outlook, even as the stock had recently touched 52-week lows. In a significant development from yesterday, Reliance Industries is proceeding with a ₹12,000 crore, 10-year bond issue at a 7.9% coupon rate. This move demonstrates the company's ability to tap into debt markets for funding, especially noteworthy when other entities have reportedly scrapped bond sales due to higher borrowing costs.
Adding to the positive sentiment, several prominent brokerages maintain a bullish stance on Reliance. Analysts have issued "Strong Buy" or "Buy" ratings, with average 12-month price targets ranging from ₹1,676.85 to ₹1,723.8. Jefferies, for instance, reiterated a 'Buy' rating with a revised target price of ₹1,710, implying a substantial upside. Morgan Stanley has also expressed a positive investment sentiment towards India's energy sector, including refiners, which benefits Reliance's significant presence in the oil-to-chemicals (O2C) segment. Furthermore, the company's retail arm operates within a growing sector, with India's retail industry logging a 10% year-on-year growth in August 2026. These factors collectively contribute to a more optimistic outlook for the company, potentially driving today's rebound.
Outlook
For the remainder of the trading session, investors will be closely watching if Reliance can sustain its current gains and firmly move away from its 52-week low. Further news regarding its various business segments or analyst upgrades could provide additional impetus.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Sep 30, 2026 09:24 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).