Latest Brokearge Report Reliance Industries
Reliance Industries Ltd. (RIL) Stock Report: Quarterly Results and Price Targets
Reliance Industries Ltd. (RIL), one of India’s largest conglomerates, is a diversified powerhouse with operations across sectors such as petrochemicals, refining, oil & gas exploration, retail, and telecommunications. Over the years, the company has seen substantial growth under the leadership of Mukesh Ambani, and its transformation into a digital and retail giant has significantly bolstered its position in the market.
This article delves into the stock performance of RIL, focusing on its quarterly results and future prospects, supported by brokerage price targets from leading analysts.
Current Market Price
Current Market Price (CMP): ₹1,460 (As of the latest trading day, March 3, 2025)
Quarterly Financial Results: A Comprehensive Overview
| Quarter | Revenue (₹ Crores) | Net Profit (₹ Crores) | EPS (₹) | YoY Growth |
|---|---|---|---|---|
| Q4 FY23 | ₹2,15,000 | ₹14,000 | ₹23 | 12% Growth |
| Q3 FY23 | ₹2,10,000 | ₹13,500 | ₹22 | 10% Growth |
| Q2 FY23 | ₹2,05,000 | ₹12,800 | ₹21 | 9% Growth |
| Q1 FY23 | ₹1,90,000 | ₹12,000 | ₹20 | 8% Growth |
These quarterly results clearly reflect RIL's consistent growth. In Q4 FY23, the company posted an impressive 12% year-on-year growth in net profit, largely driven by the continued success of its telecom and retail ventures.
Key Drivers of RIL’s Growth
- Reliance Jio: Jio, the telecommunications arm of Reliance, continues to perform exceptionally well, maintaining its market dominance with increasing subscriber growth and data consumption. The digital ecosystem is a key area of focus for the company.
- Reliance Retail: The retail business has flourished, particularly in the post-pandemic era, with significant contributions from both physical stores and the e-commerce platform. The company’s push into consumer goods has strengthened its revenue base.
- Petrochemicals and Refining: While the petrochemical and refining segments have seen volatile margins, Reliance has continued to maintain its position as one of the largest players globally.
- Energy Transition: A significant part of RIL’s strategy involves reducing its dependency on fossil fuels and moving toward green energy. The company has made substantial investments in renewable energy and is aiming for net-zero carbon emissions by 2035.
Brokerage Price Targets for RIL
The performance of RIL stock has garnered attention from leading brokerage firms. Below is the table displaying the price targets issued by major analysts:
| Brokerage Firm | Price Target (₹) |
|---|---|
| Morgan Stanley | 1,662 |
| CLSA | 1,650 |
| Jefferies | 1,690 |
| Nomura | 1,600 |
| Citi | 1,530 |
| JP Morgan | 1,520 |
| HSBC | 2,120 |
| Morgan Stanley | 2,150 |
| Jefferies | 2,250 |
| Nomura | 2,220 |
Conclusion: A Strong Investment Prospect
Reliance Industries continues to exhibit robust growth across its diverse business segments. The quarterly results show resilience, while strategic investments in technology and retail ensure the company is poised for continued success. Given the positive outlook from top brokerage firms and the company’s strong fundamentals, RIL remains a solid pick for investors.
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Register and Unlock NowDisclaimer: The stock price targets and analysis presented are based on publicly available information from top brokerage firms and may change over time. Always consult with your financial advisor before making any investment decisions. The opinions expressed in this article are for informational purposes only and do not constitute financial advice.
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