Reliance Industries Stock Update: Shares Gain on Bullish Analyst Calls

Reliance Industries (RELIANCE) is trading in positive territory this session, with its share price currently at ₹1,322.00. The stock opened higher at ₹1,318.00 against its previous close of ₹1,313.60 and has since moved within an intraday range of ₹1,316.80 to ₹1,324.00. Currently, RELIANCE is up +0.64%, demonstrating a healthy uptrend driven by positive market sentiment. Trading volume stands at 1,058,769 shares, indicating increased investor interest compared to the subdued volumes reported in the previous session.

Reliance Trades Firm as Buyers Return

Information regarding Reliance Industries' 52-week high and low is not immediately available for this update. The stock's current price movement, however, is firmly within its established intraday trading band, suggesting a consolidation phase that is now seeing renewed buying interest. Infosys Stock Update: Share Price Slips 1% on Sector Weakness.

Positive Growth Outlook Lifts Reliance Sentiment

The positive momentum in Reliance Industries' stock appears to be largely influenced by fresh bullish analyst calls and the continued reverberations from the company's 49th Annual General Meeting (AGM) held last week. On June 24, 2026, Motilal Oswal named Reliance Industries among its top monthly picks, setting a target price of ₹1,655. The brokerage highlights anticipated growth across the digital, retail, and new energy segments, with the telecom business expected to be the primary growth driver, forecasting a consolidated EBITDA and profit CAGR of 9-10% over FY26-28.

Adding to this optimism, CLSA, in a report dated June 22, 2026, set an even higher target of ₹1,800 for Reliance Industries shares. This optimistic outlook is predicated on the company's aggressive AI deployments, data centre expansion plans, and a strategic goal to more than double consolidated EBITDA over the next five years. Jefferies also reiterated a "Buy" rating with a target of ₹1,675 around the same time.

The recent AGM, which concluded on June 19, 2026, laid out a clear roadmap for the conglomerate's future growth. Key announcements included the filing of the Draft Red Herring Prospectus (DRHP) for the much-anticipated Jio Platforms IPO, which brokerages are valuing in the range of $115-128 billion. Chairman Mukesh Ambani also detailed an ambitious push into a full-stack Artificial Intelligence (AI) ecosystem, including plans to build India's sovereign AI backbone in Jamnagar, powered by clean energy. Furthermore, the AGM highlighted robust FY26 financial performance, with the company reporting record revenue, EBITDA, and net profit. Stocks To Buy or Sell Today, June 25, 2026: Bharti Airtel, IRFC and Reliance Industries Among Shares That May Remain in Spotlight on Thursday.

While Reliance Industries Limited (RIL) also announced a reduction in Polyvinyl Chloride (PVC) prices in the domestic markets on June 24, 2026, which pertains to its Oil-to-Chemicals (O2C) business, the market's current focus appears to be strongly on the conglomerate's forward-looking growth initiatives and positive analyst endorsements.

Jio IPO Developments Remain Key Trigger for Reliance

Investors will be closely watching for further developments on the Jio Platforms IPO, including pricing details and listing timelines, which could provide additional triggers for the stock in the coming sessions. The execution of Reliance's ambitious AI and new energy projects will also remain a key area of focus for long-term growth prospects.

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 Jun 25, 2026 09:44 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).