About Reliance Industries Limited (RIL)
Reliance Industries Limited (RIL) is a conglomerate company headquartered in Mumbai, India. It was founded by Dhirubhai Ambani in 1966 and is currently owned by his son, Mukesh Ambani. RIL is one of the largest and most diversified companies in India, with interests in a wide range of industries, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
Reliance Business Overview:
In the energy sector, RIL is a major player in the exploration, production, and marketing of oil and gas. It is also one of the largest producers of polyester and petrochemical products in the world. In the textiles industry, RIL is the owner of several leading brands, including Vimal and Bombay Dyeing. In the retail sector, RIL operates through its subsidiary, Reliance Retail, which is one of the largest retailers in India. In the telecommunications sector, RIL operates through its subsidiary, Reliance Jio, which is a major provider of mobile and broadband services in India.
RIL is a publicly traded company and is listed on the Bombay Stock Exchange and the National Stock Exchange of India. It is one of the top 10 companies in India in terms of market capitalization.
Reliance Share Price Target 2023: Technical Analysis
Reliance share chart looks very attractive. Share is currently trading around 2544 level.
Reliance chart analysis
On chart Reliance share is making a ascending triangle pattern, in upper direction 2750-2800 is a strong resistance zone for the share.
Reliance is continuing taking support of the trend line, if the share breaks the trendline then we can expect a downfall in reliance share.
We can expect a fresh move in Reliance share above the level of 2800.
Reliance Share Price Target 2023
| Year | Reliance Share Price in 2023 |
| 2023 | ₹3200 to ₹3400 |
Also Read – JSW Steel Share Price Target | JSW Steel Share Price Target 2022
Dabur Share Price Target | Dabur Share Price Target 2022
Reliance share Results
RIL Q2 Results for FY2022-23: Cons PAT falls 0.2% YoY to Rs 13,656 crore despite sales growth
Reliance shares latest news
Jio Financial Services demerger and listing
Reliance board has approved the arrangement between the company, Reliance Strategic Investments (RSIL) and their respective shareholders and creditors.
Under it Reliance will demerge its financial services undertaking into RSIL which will be renamed as Jio Financial Services (JFSL).
The new firm will be listed on the Indian stock exchanges.
Reliance Ind. Financial Highlights
| Company | Reliance Ind |
| Market Cap (Cr.) | ₹ 17,81,848 |
| Current Price | ₹ 2544 |
| 52 W High / Low | ₹ 2,855.00/2,181.00 |
| Stock P/E | 39.79 |
| Book Value | ₹ 1,168 |
| P/B (Price to Book Value) | 3.58 |
| Face Value | ₹10.00 |
| ROCE | 9.42 % |
| ROE | 8.99% |
| Dividend Yield | 0.31 % |
| EPS | ₹ 59.24 (FY21-22) |
Reliance Share Price Target 2024-2025
Key Points:
- RIL is a Fortune Global 500 company and is ranked among the top 250 companies in the world in terms of revenue.
- The company has a strong presence in the global market, with operations in more than 100 countries.
- RIL is known for its innovation and technological leadership, and has several research and development centers across the world.
- In addition to its core businesses, RIL also has investments in various other sectors, such as financial services, entertainment, and media.
- RIL is known for its philanthropic efforts and has a foundation called the Reliance Foundation, which focuses on healthcare, education, sports, disaster response, and rural development initiatives.
- The company has a strong corporate governance structure and has consistently been rated among the best governed companies in India.
Credit Rating for Reliance
| Rating Agency | Rating | Outlook | Remarks |
| S&P | BBB+ | Stable | Two notches above India’s sovereign rating |
| Moody’s | Baa2 | Negative | One notch above India’s sovereign rating |
| CRISIL | CRISIL AAA | Stable | Highest rating awarded by CRISIL |
| India Rating | Ind AAA | Stable | Highest rating awarded by India Rating |
| CARE | CARE AAA | Stable | Highest rating awarded by CARE |
| ICRA | ICRA AAA | Stable | Highest rating awarded by ICRA |
Reliance Share Price Target 2024
| Year | Reliance Share Price in 2024 |
| 2024 | ₹3800 to ₹4000 |
Reliance Share Price Target 2025
| Year | Reliance Share Price in 2025 |
| 2025 | ₹4400 to ₹4500 |
Reliance Subsidiary Companies
- Reliance Industries has several subsidiaries and joint ventures across a wide range of industries. Here is a list of some of the notable subsidiaries of RIL:
- Reliance Retail: This is a leading retail company in India and operates through multiple formats, including supermarkets, hypermarkets, and specialty stores.
- Reliance Jio: This is a major provider of mobile and broadband services in India and is known for its disruptive pricing and innovative products and services.
- Reliance Industrial Infrastructure: This is a leading provider of engineering and construction services in India and has completed projects across a wide range of sectors, including power, oil and gas, infrastructure, and telecommunications.
- Reliance Power: This is a leading independent power producer in India and has a portfolio of thermal, hydro, and renewable energy projects across the country.
- Reliance Petroleum: This is a leading refining and marketing company in India and operates the world’s largest refining complex at Jamnagar in Gujarat.
- Reliance Chemical: This is a leading producer of petrochemical products in India and has a wide range of products, including polymers, fibers, and intermediates.
- Reliance Infrastructure: This is a leading engineering, procurement, and construction company in India and has completed projects across a wide range of sectors, including power, transportation, and defense.
- Reliance Communications: This is a leading provider of telecommunications services in India and has a wide range of products and services, including voice, data, and broadband.
- Reliance Health: This is a healthcare company that operates hospitals, clinics, and diagnostic centers across India.
- Reliance Education: This is an education company that operates schools, colleges, and training institutes across India.
- Reliance Entertainment: This is a media and entertainment company that produces and distributes films, television shows, and digital content.
- Reliance Agri: This is an agriculture and agribusiness company that operates in the areas of seed development, crop protection, and agri-inputs.
- Reliance Life Sciences: This is a life sciences company that operates in the areas of biopharmaceuticals, clinical research, and contract manufacturing.
- Reliance Natural Resources: This is a natural resources company that operates in the areas of oil and gas exploration and production, coal mining, and power generation.
- Reliance Infrastructure (Defence): This is a joint venture between RIL and Dassault Aviation, a leading aircraft manufacturer, to manufacture and service military aircraft in India.
Reliance Share Price Target 2030:
| Year | Reliance Share Price in 2030 |
| 2030 | ₹8000 to ₹8500 |
Reliance share for long term perspective
Reliance is India’s largest company by market cap. In short term we can see some volatility and correction, but for long term it is an investment stock, which should be in your portfolio.
Disclaimer: These targets are given by our own analysis, before buying or investing in this share please take advice from your financial advisor.
Nirmal is a NISM Certified Derivative Trader & the Founder of InvestandEarn.net (Financial Blog). He entered the world of Equity research to explore his interests in financial markets having 5+ Years of Experience in Share Market Trading & Investing. Nirmal frequently writes about Share Market Trading & Investment and publishes his personal view on the market. Drop him a mail at nirmal.jaysval@investandearn.net.
