Reliance is one of the largest companies in India and has one of the highest weightages in the Nifty 50. After a long time, Reliance Industries has given a breakout and created a new 52-week fresh all-time high. If you also invested in the stock then knowing Reliance’s share price target for 2024, 2025, and 2026 may help you to book maximum profit.
As of now Indian stock market is in a bull run phase and most probably the bull run will continue for the next few months. On the page, Reliance Industries may also give a massive profit as the stock has given approx 30% return from Oct 2023 to as of now.
For long-term and safe investments, there are many good stocks like HDFC Bank, HUL, TCS, Infosys, and many more stock, and reliance industries are one of those stocks. In the next 2 to 3 years the stock can given 30% to 40% return very easily if invested with proper rules and strategy.
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About Reliance
Reliance is India’s one of the largest companies. It was founded in 1973 and as of now its current managing director is Shri. Mukesh Ambani. The company is also known as Reliance Industries Ltd.
Reliance Industries Ltd is involved in many businesses like petroleum refining & marketing, new energy, textiles, and petrochemicals. In the petrochemicals, they work on Polymers, Polysters, Fiber Intermediates, Aromatics, Elastomers, and many more…
They have a very big list of products and brands. You can check all of them by visiting their official website. You can also check their financials and the latest updates about the company.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Reliance Industries Ltd. company were last updated on 14 Feb 2024. Check the latest data on any screener you use.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹39,837 |
| March 2020 | ₹39,880 |
| March 2021 | ₹53,739 |
| March 2022 | ₹66,184 |
| March 2023 | ₹73,670 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹17,806 |
| Mar 2023 | ₹21,327 |
| Jun 2023 | ₹18,258 |
| Sep 2023 | ₹19,878 |
| Dec 2023 | ₹19,641 |
Company Fundamentals
| Market Cap | ₹19,81,635Cr | ROE | 9.12% |
| P/E Ratio (TTM) | 28.32 | EPS (TTM) | 103.42 |
| P/B Ratio | 2.64 | Div Yield | 0.31% |
| Industry P/E | 14.31 | Book Value | 1110.34 |
| Debt to Equity | 0.42 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 22.55% | 22.60% | 22.13% |
| DIIs | 16.13% | 15.99% | 16.59% |
| Public | 10.76% | 10.98% | 10.80% |
| Promoters | 50.39% | 50.27% | 50.30% |
| Other Holders | 0.0% | 0.0% | 0.0% |
Key Points
- The profit growth of the Reliance Industries Limited company has been increasing continuously for the last 5 years.
- The PE Ratio of the company is at a good point, in the future if the PE Ratio increases the stock prices may also increase.
- Debt on the Reliance Industries Limited is Rs. 2,15,823 Crore.
- The company has cash of Rs. 56,811 Crore as of 14 Feb 2024.
- The debt to equity of the company is 0.41. It shows the Debt of the company is high but the company can easily manage.
Quarterly Results
In the Dec 2023 quarter, Reliance Industries net profit was slightly lower than its previous quarter the net profit of the compnay was 19,878 Crore. You can check the net profit and loss of the company in the above table.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge, you should follow the rules to strengthen your self-psychology.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 sector stocks. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock is available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Reliance Share Price Target
The business model of the company is very good. The businesses in which Reliance Industries Ltd. is involved is one of the greater businesses. There is no doubt that the company will make a good profit every year. Reliance Industries Ltd. is also a leader in the industry.
In the last 2 to 3 quarters major changes have happened in the fundaments of the company like the EPS (earning per share) of the compnay is increased. In the Sep and Dec 2023 quarters, the company made sales of 225,086 – 231,886 which is much higher than its previous quarters.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Reliance share price target 2024
As of now, Reliance Industries stock is near its all-time high which was created in Feb 2024, and still, the stock is very bullish, most probably the stock will go up by at least 7% to 10% by the year.
If you want to take a short-term trade then you can go with but make sure you have a stop loss in the stock based on the technical analysis. Take trade only when the stock forms any pattern and the SL is according to your risk management.
Reliance share price target 2025
The last 2 to 3 years were not good for most of the companies as a result the Indian stock market and almost all the markets of the world have fallen very badly. As of December 2023, India’s economy has recovered very rapidly and as of now, it is one of the fastest-growing economies.
Reliance Industries is involved in multiple businesses and has a very high share market in many businesses like importing oil, communication, etc. As the economy has recovered a lot and growing very rapidly so, investing in the stock can make you very profitable.
As of now, Investing in the stock at this price can be very risky as it is near its all-time high. So, invest in the stock for the long term at least for 3 years in SIP mode.
Reliance share price target 2026
In 2026 you can expect targets of Rs. 3200 to Rs. 3500 in the Reliance stock if any unexpected events do not occur.
The profit growth of Reliance Industries is continuously growing each year as compared to the last year. As the Indian economy is working properly right now then there is a very high chance the profit growth of the compnay will keep rising in the future.
So, expecting a good target from the stock is not good, with time and according to the market conditions we will keep updating the target. So, keep checking the blog regularly.
FAQs
As of now many investors and analysts are bullish on the stock. The share price target of RIL shares has been maintained for the three years. Remember this is only for education purposes, not any advisory or buying recommendation.
Yes, reliance stock is a good buy for the long term. The stock is also involved in many businesses and leader in them. Most of the investors have the stock in their portfolio for the long term.
In the next 5 years, you can expect a 50% to 70% return from now. Always remember any crash can also come in the market so, make sure you always have a plan.
Final Words: Reliance Industries Limited is one of the best stocks for the long term with low risk. In the large-cap stocks, there is less risk than the other mid-cap and small-cap stocks. With time the reliance company is also involved in new business which can be a lot beneficial for the investors. You can take ideas from the above Reliance share analysis.