# RELIANCE (RELIANCE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/reliance

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,166.7
- Change: +0.67%
- As of: 2026-10-13
- 1D return: +0.67%
- 5D return: -4.21%
- 1M return: -7.22%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, Reliance is exhibiting a bearish technical setup across daily, weekly, and monthly timeframes, with price trading below key moving averages and the Supertrend indicator on all horizons. Daily trend conviction is strong, indicated by an ADX of 41.22, while weekly trend strength is established (ADX 29.53) and monthly trend strength is weak (ADX 14.34). The stock's current price is positioned near the lower end of its recent trading range across 20, 50, and 252-day periods, suggesting limited upward momentum. Recent anomalies include a wide intraday range on October 8th with a -2.5% return and a similar wide range on October 6th with a +2.7% return, indicating volatility.

Risk is characterized by an annualized volatility of +21.0% and a maximum drawdown of -27.2%. The nearest support level is ₹1165.87 (0.07% below current price), followed by ₹1158.40 (0.71% below). Overhead resistance is observed at ₹1178.53 (1.01% above current price) and ₹1198.17 (2.70% above). Confirmation of the bearish setup would involve a sustained move below the ₹1158.40 support level, while a break above the ₹1178.53 resistance could signal a potential shift in sentiment.

- Bearish technical setup across daily, weekly, and monthly timeframes.
- Strong daily trend conviction (ADX 41.22) with price below key averages and Supertrend.
- Annualized volatility at +21.0% and maximum drawdown of -27.2%.
- Nearest support at ₹1165.87 (0.07% below) and resistance at ₹1178.53 (1.01% above).
- Confirmation of bearish trend below ₹1158.40; invalidation above ₹1178.53.

- Harami
- Outside Bar
- Doji
- Evening Star
- Shooting Star

### News Context

Religare Broking has recommended a "buy" rating on Reliance Industries (RIL), setting a target price of ₹1,696, which represents a potential 46.7% upside from a reference price of ₹1,156. This recommendation, reported on October 13, 2026, is contingent on several factors, including a potential Initial Public Offering (IPO) for Jio Platforms, anticipated improvements in cash flows, debt reduction, and growth across RIL's Retail, Oil-to-Chemicals (O2C), and New Energy businesses. Religare suggests that a Jio Platforms IPO could lead to a valuation re-rating for RIL by providing greater transparency into its digital operations.

In operational news, also on October 13, 2026, Yes Securities noted that Reliance's ability to process Venezuelan crude oil could establish a structural premium of $3 per barrel over domestic public sector refiners. Separately, a Supreme Court directive on October 12, 2026, ordered the MMRDA to deposit ₹646 crore concerning delays in the construction of Reliance's Jio Convention Centre in BKC, a project whose timeline was impacted by expansion and the need for additional approvals.

- Religare Broking recommends buying Reliance Industries with a target price of ₹1,696, implying a 46.7% upside from ₹1,156, citing potential Jio IPO, debt reduction, and business growth as catalysts (October 13, 2026).
- Religare believes a Jio Platforms IPO could trigger a valuation re-rating for Reliance Industries due to increased transparency in its digital business (October 13, 2026).
- Yes Securities suggests Reliance Industries could achieve a $3 per barrel premium on refining Venezuelan crude compared to domestic public sector refiners (October 13, 2026).
- The Supreme Court directed MMRDA to deposit ₹646 crore related to delays in Reliance's Jio Convention Centre construction (October 12, 2026).

- [RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- [Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- [Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- [Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- [Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)

### What Changed

Recent news for Reliance Industries (NSE: RELIANCE) highlights potential catalysts for a valuation re-rating, according to Religare Broking. The brokerage firm has set a target price of ₹1,696, implying a potential upside of 46.7% from its reference price of ₹1,156. This outlook is linked to a potential Initial Public Offering (IPO) for Jio Platforms, which could bring greater transparency to its digital business, alongside expectations of improving cash flows, debt reduction, and growth across its Retail, Oil-to-Chemicals (O2C), and New Energy segments. Separately, Yes Securities noted that Reliance's ability to process Venezuelan crude could provide a structural premium of $3 per barrel over domestic public sector refiners. In a different development, the Supreme Court has directed the MMRDA to deposit ₹646 crore concerning delays in the construction of Reliance's Jio Convention Centre. The company's share price saw a slight increase, moving from ₹1,158.9 to ₹1,166.7 between the previous observation and October 13, 2026.

- Religare Broking set a target price of ₹1,696 for Reliance Industries, citing a potential Jio Platforms IPO and business growth as catalysts, as of October 13, 2026.
- Yes Securities suggested that processing Venezuelan crude could offer Reliance Industries a refining premium of $3 per barrel, as reported on October 13, 2026.
- The Supreme Court directed MMRDA to deposit ₹646 crore related to delays in Reliance's Jio Convention Centre construction, as of October 13, 2026.
- Reliance Industries' stock price increased from ₹1,158.9 to ₹1,166.7 by October 13, 2026.

- [RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- [Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- [Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- [Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- [Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)

### Official Filings

Reliance Industries Limited (RIL) has disclosed details regarding its recent debt issuances and compliance with regulatory requirements. On October 1, 2026, the company allotted 13,00,000 unsecured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, designated as 'PPD Series R'. This private placement raised an aggregate of ₹13,008.6095 crore. These NCDs have a 10-year tenor, maturing on October 1, 2036, and carry a coupon rate of 7.90% per annum. They have received 'CRISIL AAA/Stable' and 'CARE AAA/Stable' ratings. The issue included a base size of ₹12,000 crore with a green shoe option of up to ₹1,000 crore, and the debentures are intended for listing on the BSE and NSE. Additionally, on the same date, RIL allotted 12,00,000 NCDs of face value ₹1,00,000 each ('PPD Series Q'). These issuances are classified as routine materiality and did not alter the company's paid-up share capital, which remained at ₹135,325,387,220. RIL also provided a comprehensive list of debt securities issued on a private placement basis as of September 30, 2026, detailing six specific ISINs with issuance dates from 2018 to September 16, 2026, and coupon rates ranging from 7.47% to 9.05%. The total outstanding amounts for these instruments vary between ₹800,000,000 and ₹20,000,000,000. In line with SEBI regulations, RIL announced the closure of its trading window from October 1, 2026, until 48 hours after the announcement of its second-quarter financial results for the period ending September 30, 2026.

- On October 1, 2026, Reliance Industries Limited allotted 13,00,000 unsecured, redeemable, non-convertible debentures (NCDs) of face value ₹1,00,000 each ('PPD Series R') on a private placement basis, raising ₹13,008.6095 crore.
- These NCDs have a 10-year tenor maturing on October 1, 2036, a coupon rate of 7.90% p.a., and are rated 'CRISIL AAA/Stable' and 'CARE AAA/Stable'.
- On October 1, 2026, the company also allotted 12,00,000 NCDs ('PPD Series Q') of face value ₹1,00,000 each.
- As of September 30, 2026, RIL reported details of six debt securities issued on private placement, with outstanding amounts ranging from ₹800,000,000 to ₹20,000,000,000.
- The company's trading window was closed from October 1, 2026, pending the release of its Q2 FY27 financial results.

- [Reliance Industries Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_242_WebXMLFile_20261008_125316034.xml)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/PVIVINMA_07102026172736_SE_ISIN.pdf)
- [Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached. |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/PVIVINMA_07102026223504_RIL_SEletter07102026.pdf)
- [We wish to inform that the Company has today allotted 13,00,000 Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") of the face value of Rs. 1,00,000 each ("PPD Series R"), issued on private placement basis. |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/kavinavora_01102026150203_SE_01102026.pdf)
- [Reliance Industries Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20261001_192948846.xml)
- [Reliance Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/PVIVINMA_30092026170527_SE_TWC_300926.pdf)
- [RELIANCE INDUSTRIES LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_242_WebXMLFile_20260930_172205968.xml)
- [Reliance Industries Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/PVIVINMA_25092026224843_SE.pdf)
- [This is further to the disclosure dated September 21, 2026 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investors' Meeting - BofA Asia Pacific Conference 2026 and no unpublished price sensitive information was shared/discussed in the said one-on-one meeting. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/kavinavora_24092026192411_SE_24092026.pdf)
- [This is further to the disclosure dated September 17, 2026 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investors' Meeting - CITIC CLSA Investors' Forum 2026 and no unpublished price sensitive information was shared/discussed in the said one-on-one meeting. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/kavinavora_23092026184956_SE_23092026.pdf)

### Fundamentals

Reliance Industries reported sequential growth in its top line, with Revenue From Operations increasing from ₹2,98,621 crore in Q4 FY2025-26 to ₹3,11,850 crore in Q1 FY2026-27. This revenue expansion was accompanied by a rise in Expenses, which moved from ₹2,75,873 crore to ₹2,87,770 crore over the same periods. Profit Before Tax also saw an increase, rising from ₹27,195 crore to ₹30,630 crore sequentially. However, Finance Costs experienced a notable increase, growing from ₹6,585 crore to ₹8,337 crore sequentially, indicating higher borrowing costs or increased debt levels impacting profitability.

- Revenue From Operations increased sequentially to ₹3,11,850 crore in Q1 FY2026-27.
- Profit Before Tax rose sequentially, but Finance Costs also increased significantly.
- Expenses grew sequentially in line with revenue.
- The next checkpoint to monitor is the trend in Finance Costs and its impact on net profit conversion.

### Bull Case

Religare Broking has recommended a "buy" rating on Reliance Industries, setting a target price of ₹1,696. This implies a potential upside of 46.7% from the reference price of ₹1,156. The brokerage firm cited several potential catalysts for a re-rating, including a possible Jio Platforms IPO, improvements in cash flows, debt reduction, and growth in the Retail, O2C, and New Energy segments. Additionally, Yes Securities noted that processing Venezuelan crude could provide Reliance Industries with a structural premium of $3 per barrel over domestic public sector refiners.

- Religare Broking recommends buying Reliance Industries with a target price of ₹1,696, suggesting a 46.7% potential upside from the reference price of ₹1,156.
- Potential catalysts for a re-rating include a Jio Platforms IPO, improved cash flows, debt reduction, and growth in Retail, O2C, and New Energy businesses.
- Yes Securities suggests processing Venezuelan crude could offer Reliance Industries a structural premium of $3 per barrel over domestic public sector refiners.

- [RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- [Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- [Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- [Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- [Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)
- [Reliance Industries Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_242_WebXMLFile_20261008_125316034.xml)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/PVIVINMA_07102026172736_SE_ISIN.pdf)
- [Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached. |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/PVIVINMA_07102026223504_RIL_SEletter07102026.pdf)
- [We wish to inform that the Company has today allotted 13,00,000 Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") of the face value of Rs. 1,00,000 each ("PPD Series R"), issued on private placement basis. |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/kavinavora_01102026150203_SE_01102026.pdf)
- [Reliance Industries Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20261001_192948846.xml)

### Bear Case

The company's technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, as indicated by negative slopes in moving averages and a bearish supertrend direction. This is further supported by a significant year-to-date return of -26.0% and a -15.1% return over the past year. The stock is currently experiencing a drawdown of -26.7%, with a maximum drawdown recorded at -27.2%. Key support levels are identified at ₹1165.87, ₹1158.40, ₹1146.23, and ₹1133.57, while resistance is noted at ₹1178.53 and ₹1198.17. Additionally, a Supreme Court directive requires the company to deposit ₹646 crore related to a construction delay for the Jio Convention Centre, stemming from a lease agreement with a four-year construction deadline.

- Daily, weekly, and monthly technical trends are currently bearish.
- Year-to-date return stands at -26.0%, with a -15.1% return over the last year.
- The stock is near its maximum drawdown of -27.2%, with a current drawdown of -26.7%.
- A Supreme Court order mandates a ₹646 crore deposit concerning the Jio Convention Centre construction delay.

- [RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- [Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- [Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- [Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- [Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)
- [Reliance Industries Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_242_WebXMLFile_20261008_125316034.xml)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/PVIVINMA_07102026172736_SE_ISIN.pdf)
- [Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached. |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/PVIVINMA_07102026223504_RIL_SEletter07102026.pdf)
- [We wish to inform that the Company has today allotted 13,00,000 Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") of the face value of Rs. 1,00,000 each ("PPD Series R"), issued on private placement basis. |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/kavinavora_01102026150203_SE_01102026.pdf)
- [Reliance Industries Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20261001_192948846.xml)

### FAQs

**What is the current technical trend for Reliance Industries on the NSE?**

As of October 13, 2026, the daily and weekly technical trends for Reliance Industries on the NSE are indicated as 'bearish' based on the Supertrend direction. The daily trend also shows a negative slope for the 20-day and 50-day Simple Moving Averages (SMA) and Exponential Moving Averages (EMA).

**What are the nearest support and resistance levels for Reliance Industries?**

As of October 13, 2026, the nearest support level for Reliance Industries is ₹1165.87, which is 0.07% below the current price. The nearest resistance level is ₹1178.53, which is 1.01% above the current price.

**What recent financial activities has Reliance Industries reported?**

On October 1, 2026, Reliance Industries allotted 13,00,000 unsecured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹13008.6095 crore. These NCDs have a 10-year tenor, mature on October 1, 2036, and carry a coupon rate of 7.90% p.a. The company also reported the allotment of 12,00,000 NCDs of a similar face value on the same date. Additionally, on September 30, 2026, the company submitted details of debt securities issued on a private placement basis, listing six specific ISINs with coupon rates between 7.47% and 9.05%.

**What is an external analyst's view on Reliance Industries' potential upside?**

Religare Broking has recommended buying Reliance Industries with a target price of ₹1,696, implying a 46.7% upside from a reference price of ₹1,156. They cite a potential Jio Platforms IPO, improved cash flows, debt reduction, and growth in Retail, O2C, and New Energy as reasons for a potential re-rating.

- [RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- [Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- [Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- [Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- [Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)
- [Reliance Industries Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_242_WebXMLFile_20261008_125316034.xml)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/PVIVINMA_07102026172736_SE_ISIN.pdf)
- [Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached. |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/PVIVINMA_07102026223504_RIL_SEletter07102026.pdf)
- [We wish to inform that the Company has today allotted 13,00,000 Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") of the face value of Rs. 1,00,000 each ("PPD Series R"), issued on private placement basis. |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/kavinavora_01102026150203_SE_01102026.pdf)
- [Reliance Industries Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20261001_192948846.xml)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,165.87
- Risk regime: Price Risk Requires Attention

### Support levels
- 1158.4
- 1114.85
- 1146.2333333333331

### Resistance levels
- 1260.15
- 1294.1125
- 1330.79833984375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.67% |
| return_10 | -2.58% |
| return_1m | -7.22% |
| return_1y | -15.15% |
| return_20 | -7.22% |
| return_3m | -10.04% |
| return_5 | -4.21% |
| return_6m | -11.28% |
| return_since_start | -4.47% |
| return_ytd | -25.95% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -27.22% |
| annualized_volatility | +20.99% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Continues but Profit Before Tax Declines Year-over-Year as Expenses Outpace Revenue

Reliance Industries reported revenue of ₹3,11,850 crore for the first quarter of FY2026-27, a 25.4% increase from the same quarter last year. However, total expenses grew at a slightly faster rate of 27.0%, leading to a 17.5% decline in profit before tax compared to the prior year. Sequentially, revenue and profit both improved from the previous quarter, with profit before tax rising 12.6% from a low in Q4 FY2025-26. Finance costs increased notably, and other comprehensive income swung sharply from a large loss to a gain.

## Revenue and Expense Growth

Revenue from operations reached ₹3,11,850 crore in Q1 FY2026-27, up 4.4% from ₹2,98,621 crore in the preceding quarter and 25.4% from ₹2,48,660 crore in the same quarter last year. Total expenses for the quarter were ₹2,87,770 crore, a sequential increase of 4.3% and a year-over-year increase of 27.0%. The year-over-year growth in expenses slightly exceeded revenue growth, indicating pressure on operating margins. Sequentially, the growth rates were nearly aligned.

## Profitability

Profit before tax (PBT) for the quarter was ₹30,630 crore, a 12.6% increase from ₹27,195 crore in Q4 FY2025-26 but a 17.5% decline from ₹37,146 crore in Q1 FY2025-26. The sequential improvement reverses the decline seen in the previous quarter, though PBT remains below the level of a year ago.

Net profit for the period fell to ₹23,196 crore, down 24.6% from ₹30,783 crore a year earlier and up 12.7% from ₹20,589 crore in the prior quarter. Basic earnings per share stood at ₹15.48, compared with ₹19.95 in Q1 FY2025-26 and ₹12.54 in Q4. Other income of ₹6,550 crore contributed to PBT in the current quarter.

## Finance Costs

Finance costs rose to ₹8,337 crore, a 26.6% sequential increase from ₹6,585 crore and an 18.5% increase from ₹7,036 crore in the same quarter last year. This increase occurred alongside a debt-equity ratio that remained very low and stable at 0.004.

## Other Comprehensive Income

Other comprehensive income swung to ₹3,267 crore in Q1 FY2026-27 from a loss of ₹7,191 crore in Q4 FY2025-26. This item has been volatile over the past year, moving from a modest gain of ₹351 crore in Q1 FY2025-26 to losses in subsequent quarters and now back to a significant gain.

## Capital Structure

The paid-up value of equity share capital remained virtually unchanged at ₹13,533 crore, with a face value of ₹10 per share. The debt-equity ratio was 0.004, consistent with the low levels seen over the past year, indicating minimal reliance on debt financing relative to equity.

## Key Takeaway

Reliance Industries delivered strong revenue growth in the first quarter, both year-over-year and sequentially. However, profit before tax and net profit both declined sharply from the same quarter last year, as expenses grew at a faster pace than revenue. Finance costs increased notably, and other comprehensive income swung from a loss to a gain. The company’s capital structure remains stable with very low leverage. The quarter reflects continued revenue expansion, but rising costs have put clear pressure on profitability.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +50.48%
- FII holding: +17.06%
- DII holding: +21.10%
- Mutual fund holding: +10.11%
- Retail holding: +7.16%
- Promoter pledged: +0.00%

### Major reported shareholders

- Srichakra Commercials LLP — +11.12% (Bodies Corporate)
- Devarshi Commercials LLP — +8.20% (Bodies Corporate)
- Karuna Commercials LLP — +8.20% (Bodies Corporate)
- Tattvam Enterprises LLP — +8.20% (Bodies Corporate)
- Life Insurance Corporation of India — +6.88%
- Reliance Industries Holding Private Ltd — +4.57% (Bodies Corporate)
- Reliance Industrial Investments and Holdings Ltd — +3.62% (Bodies Corporate)
- SBI Mutual Funds — +2.62%
- Reliance Services and Holdings Limited — +2.58% (Bodies Corporate)
- Samarjit Enterprises LLP — +1.87% (Bodies Corporate)

## Official filings

- 2026-10-08 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_242_WebXMLFile_20261008_125316034.xml)
- 2026-10-07 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PVIVINMA_07102026172736_SE_ISIN.pdf)
- 2026-10-07 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PVIVINMA_07102026223504_RIL_SEletter07102026.pdf)
- 2026-10-01 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_01102026150203_SE_01102026.pdf)
- 2026-10-01 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20261001_192948846.xml)
- 2026-09-30 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PVIVINMA_30092026170527_SE_TWC_300926.pdf)
- 2026-09-30 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_242_WebXMLFile_20260930_172205968.xml)
- 2026-09-25 — Credit Rating Update: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PVIVINMA_25092026224843_SE.pdf)
- 2026-09-24 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_24092026192411_SE_24092026.pdf)
- 2026-09-23 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_23092026184956_SE_23092026.pdf)
- 2026-09-21 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_21092026190211_SE_21092026.pdf)
- 2026-09-21 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_21092026191054_SE_21092026_.pdf)
- 2026-09-21 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_242_WebXMLFile_20260921_191525126.xml)
- 2026-09-17 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_17092026194017_SE_17092026__002_.pdf)
- 2026-09-17 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_242_WebXMLFile_20260917_194438467.xml)
- 2026-09-17 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_17092026195021_SE_17092026.pdf)
- 2026-09-16 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_16092026154842_SE_16092026.pdf)
- 2026-09-16 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_242_WebXMLFile_20260916_155056109.xml)
- 2026-09-16 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_16092026174434_SE_16092026.pdf)
- 2026-09-16 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_242_WebXMLFile_20260916_174803271.xml)
- 2026-09-11 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_11092026180518_SE_11092026.pdf)
- 2026-09-11 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_242_WebXMLFile_20260911_181954157.xml)
- 2026-09-10 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/kavinavora_10092026192858_SE_10092026.pdf)
- 2026-09-09 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ATSL_09092026162024_Reliance_Industries_Limited_SCC.pdf)
- 2026-09-07 — Generic Announcement: Reliance Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_242_WebXMLFile_20260907_194938068.xml)

## News and market events

- 2026-10-13 — Mint: **RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch** — Religare Broking recommends buying Reliance Industries, setting a target price of ₹1,696 against a reference price of ₹1,156, implying 46.7% upside. It sees a potential Jio Platforms IPO, improving cash flows, debt reduction and growth in Retail, O2C and New Energy as catalysts for a re-rating. — [Source](https://www.livemint.com/market/stock-market-news/ril-target-price-ahead-of-jio-ipo-47-upside-why-religare-recommends-buying-mukesh-ambani-stock-before-issue-launch-11791877937959.html)
- 2026-10-13 — BUSINESSTODAY: **Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries; check target, upside** — Reliance Industries share price, Jio Platforms IPO, Reliance Industries target price, Religare Broking, Reliance Industries buy rating, RIL stock outlook, Jio IPO 2026, Reliance Industries valuation, Jio Platforms financial results, Reliance Jio debt repayment, RIL sum-of-the-parts valuation, Reliance Industries Rs 1,696 target price, Jio Platforms IPO update — [Source](https://www.businesstoday.in/markets/stocks/story/jio-platforms-ipo-why-religare-sees-re-rating-in-reliance-industries-check-target-upside-561238-2026-10-13)
- 2026-10-13 — Economic Times: **Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside** — Reliance Industries could see a valuation re-rating as Jio Platforms proposed Rs 30,000 crore IPO brings greater transparency to its digital business. Religare has a target price of Rs 1,696 on the stock, implying 46.7% upside from its current market price. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jio-ipo-may-trigger-reliances-next-big-re-rating-why-religare-sees-47-upside/articleshow/134910767.cms)
- 2026-10-13 — Mint: **Venezuelan crude comeback puts Reliance’s refining edge back in focus | Company Business News** — Processing Venezuelan oil could help Reliance Industries generate a sustainable structural premium of $3 per barrel over domestic public sector refiners like Indian Oil Corporation Ltd, according to Yes Securities. — [Source](https://www.livemint.com/companies/news/venezuelan-crude-comeback-puts-reliance-s-refining-edge-back-in-focus-11791800830505.html)
- 2026-10-12 — Mint: **Reliance’s Jio convention centre construction delay: SC directs MMRDA to deposit ₹646 cr | Company Business News** — The lease of the BKC land required Reliance to complete construction of the Jio World Convention Centre within four years, but the project was subsequently expanded and required additional approvals. — [Source](https://www.livemint.com/companies/news/reliance-jio-convention-centre-construction-mmrda-11791802539461.html)
- 2026-10-12 — BUSINESSTODAY: **RIL shares hit 52-week low; analysts see up to 47% upside on refining margin recovery** — Reliance Industries share price, RIL share price target, Reliance Industries target price, RIL refining margins, YES Securities Reliance Industries, Reliance Industries GRM, Venezuelan crude oil, RIL earnings outlook, Jamnagar refinery, Reliance Industries EBITDA, RIL oil-to-chemicals business, Reliance Industries brokerage report, RIL share price forecast, Reliance Industries buy rating — [Source](https://www.businesstoday.in/markets/stocks/story/ril-shares-hit-52-week-low-analysts-see-up-to-47-upside-on-refining-margin-recovery-561054-2026-10-12)
- 2026-10-12 — Mint: **Reliance Jio IPO valuation likely at  ₹11 lakh cr - Will Mukesh Ambani's RIL gain; Bharti Airtel, Vodafone feel heat?** — Reliance Industries’ planned Jio Platforms IPO could raise about ₹30,200 crore at a valuation near ₹11 lakh crore. Motilal Oswal says the listing may influence telecom-sector valuations — [Source](https://www.livemint.com/market/stock-market-news/reliance-jio-ipo-valuation-likely-at-rs-11-lakh-cr-will-mukesh-ambanis-ril-gain-bharti-airtel-vodafone-feel-heat-11791800763889.html)
- 2026-10-12 — BUSINESS: **Reliance Industries hits 18-month low; stock down 28% from January low** — The stock price of RIL is quoting lower for the fourth straight trading day today. The counter has declined 5 per cent during the period. — [Source](https://www.business-standard.com/markets/news/reliance-industries-hits-18-month-low-stock-down-28-from-january-low-126101200375_1.html)
- 2026-10-12 — Mint: **IPO: Who really owns Jio Platforms? Reliance doesn't own 100%; Meta, Google, 7 others are major shareholders | DRHP data** — Reliance Jio IPO: However, it is from the house of conglomerate of Billionaire business tycoon Mukesh Dhirubhai Ambani-led Reliance Industries Limited (RIL) but Reliance is not the 100% owner of Jio Platforms. Jio has shareholders like social media giant Meta, IT giant Google and others. — [Source](https://www.livemint.com/market/ipo-who-really-owns-jio-platforms-reliance-doesnt-own-100-meta-google-7-others-are-major-shareholders-drhp-data-11791786878913.html)
- 2026-10-12 — Economic Times: **Supreme Court asks MMRDA to deposit Rs 646 crore in Reliance Industries BKC case** — The Supreme Court has ordered the MMRDA to deposit Rs 646 crore with its registry by November 6. This order is in relation to a delay in construction by Reliance Industries at Bandra-Kurla Complex. Additionally, the court has issued a notice to Reliance Industries promoted by Mukesh Ambani. The MMRDA is challenging a Bombay High Court order that quashed an earlier demand against the company. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/supreme-court-asks-mmrda-to-deposit-rs-646-crore-in-reliance-industries-bkc-case/articleshow/134884362.cms)
- 2026-10-12 — Orissa POST: **Trump to attend ASEAN summit in Manila, then APEC summit in China - OrissaPOST** — Washington: President Donald Trump will travel to Manila next month for the Association of Southeast Asian Nations (ASEAN) summit before heading to China for the Asia-Pacific Economic Cooperation (APEC) summit, the White House has said. Trump will take part in the summit in the Philippine capital on November 16 and then go to Shenzhen for […] — [Source](https://www.orissapost.com/trump-to-attend-asean-summit-in-manila-then-apec-summit-in-china/)
- 2026-10-12 — BUSINESSTODAY: **Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices** — Jio IPO, Jio IPO price band, Jio IPO news, RIL share price, RIL target price, Bharti Airtel target price, Bharti Airtel news, telecom — [Source](https://www.businesstoday.in/markets/stocks/story/jio-ipo-price-band-valuation-cut-for-ril-bharti-airtel-looks-attractive-target-prices-560898-2026-10-12)
- 2026-10-11 — Mint: **Elon Musk vs Mukesh Ambani: Why is Tesla, SpaceX CEO attacking Reliance Industries ahead of Jio Platforms IPO launch?** — Elon Musk vs Mukesh Ambani: Experts believe Tesla, SpaceX CEO is attacking Reliance Industries because his Indian venture Starlink will have to compete with Jio Platforms, which is ready to hit the Indian primary market any time — [Source](https://www.livemint.com/market/stock-market-news/elon-musk-vs-mukesh-ambani-why-is-tesla-spacex-ceo-attacking-reliance-industries-ahead-of-jio-platforms-ipo-launch-11791704026670.html)
- 2026-10-10 — Economic Times: **Exclusive | Akash, Isha Ambani take Rs 30,000 crore Jio IPO pitch global; marquee investors seek bigger stakes** — Jio Platforms proposed Rs 30,000 crore IPO is set to be one of Indias biggest public issues, with Akash and Isha Ambani leading global investor outreach. Existing investors, including Meta and Google, are not looking to exit, with some reportedly seeking to raise their stakes as Jio targets a valuation of up to Rs 10.3 lakh crore. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/exclusive-akash-isha-ambani-take-rs-30000-crore-jio-ipo-pitch-global-marquee-investors-seek-bigger-stake/articleshow/134849084.cms)
- 2026-10-10 — The Hindu: **Elon Musk escalates attack on Ambani, shares reports on Reliance-BJP links** — Musk accuses Reliance-linked firms of funding BJP campaigns amid Starlink licensing delays, with India defending impartial telecom rules. — [Source](https://www.thehindubusinessline.com/news/elon-musk-escalates-attack-on-ambani-shares-reports-on-reliance-bjp-links/article71567054.ece)
- 2026-10-09 — The Hindu: **Ambani’s Jio said to set IPO price band at ₹1,065-₹1,119** — The company is targeting a market value of as much as ₹10.3 lakh crore ($107 billion) — [Source](https://www.thehindubusinessline.com/markets/ambanis-jio-said-to-set-ipo-price-band-at-1065-1119/article71563699.ece)
- 2026-10-09 — IANSLIVE.IN: **Adani Group stocks surge up to 3 pc; Reliance Industries, BSE shares drag** — Mumbai, Oct 9 (IANS) Adani Group stocks rallied up to 3 per cent as domestic equity benchmarks recovered losses to close over 1 per cent higher each on Friday, while Reliance Industries and BSE Ltd shares dragged. — [Source](https://ianslive.in/adani-group-stocks-surge-up-to-3-pc-reliance-industries-bse-shares-drag--20261009163131)
- 2026-10-09 — NEWS.WEBINDIA123.COM: **Delhi HC orders suspension of 126 websites allegedly using Jio trademark** — The Delhi High Court has directed domain name registrars to suspend 126 websites allegedly using Reliance Industries Limiteds Jio trademark for lottery and gaming-related services, while restraining the operators of the websites from using the companys trademark or any deceptively similar mark. — [Source](https://news.webindia123.com/news/Articles/India/20261009/4508892.html)
- 2026-10-09 — BUSINESSTODAY: **Reliance Industries shares: 5 reasons why RIL stock is cracking** — Reliance Industries shares, RIL stock, Reliance Industries share price, RIL share price, RIL stock fall, Reliance Industries 52-week low, RIL stock correction, RIL YTD performance, Equinomics Research, G Chokkalingam, Jio Platforms IPO, oil and gas segment, depreciation charges, Nuvama Institutional Equities, RIL Q2 FY27 results, Reliance Industries target price, RIL Buy rating — [Source](https://www.businesstoday.in/markets/stocks/story/reliance-industries-shares-5-reasons-why-ril-stock-is-cracking-560567-2026-10-09)
- 2026-10-08 — SCROLL.IN: **‘Is Ambani real boss,’ asks Elon Musk after accusing ‘oligarchs’ of stalling Starlink India launch** — ‘Welcome to India, Elon,’ Congress leader Rahul Gandhi said in response. ‘Wait till you discover the other guy.’ — [Source](https://scroll.in/latest/1096272/is-ambani-real-boss-asks-elon-musk-after-accusing-oligarchs-of-stalling-starlink-india-launch)
- 2026-10-08 — The Hindu: **DoT refutes bias in Starlink authorisation, says all licensees’ approvals pending** — DoT denies bias in Starlink approvals, says all satellite licensees undergo uniform security checks; Musk claims oligarch obstruction remains unproven. — [Source](https://www.thehindu.com/business/Industry/dot-refutes-bias-in-starlink-authorisation-says-all-licensees-approvals-pending/article71560045.ece)
- 2026-10-08 — BUSINESSTODAY: **Jio Platforms IPO: Should you buy RIL shares for shareholder quota? Check latest GMP** — Jio Platforms IPO, Jio IPO, Jio Platforms IPO, Jio Platforms IPO date, Jio Platforms IPO shareholder quota, RIL shareholders Jio IPO, Jio Platforms IPO GMP, Jio IPO GMP, Jio Platforms IPO valuation, Jio Platforms IPO price band, Jio IPO allotment, Jio Platforms IPO subscription date, Reliance Industries shareholders quota, RIL share for Jio IPO, Jio Platforms IPO news, Jio Platforms IPO latest news, Jio Platforms IPO experts, Should you buy RIL shares for Jio Platforms IPO, Jio Platforms IPO shareholder quota eligibility, Can RIL shareholders apply for Jio IPO, Jio Platforms IPO GMP and valuat — [Source](https://www.businesstoday.in/markets/ipo-corner/story/jio-platforms-ipo-should-you-buy-ril-shares-for-shareholder-quota-check-latest-gmp-560348-2026-10-08)
- 2026-10-08 — BUSINESS: **Reliance could be a cheaper way to own Jio after telecom unit's listing** — Reliance shares imply a 36 per cent discount to the value of its roughly two-thirds stake in Jio Platforms, though analysts see about 25 per cent as a more sustainable gap after the telecom unit lists — [Source](https://www.business-standard.com/companies/news/reliance-could-be-a-cheaper-way-to-own-jio-after-telecom-unit-s-listing-126100800335_1.html)
- 2026-10-08 — Mint: **Reliance shares may be a cheaper way to buy Jio Platforms after its listing** — Reliance Industries' share price is seen implying anywhere between 25% and 36% discount on its two-thirds stake in Jio Platforms, which is set to IPO this month. — [Source](https://www.livemint.com/market/ipo/reliance-industries-share-price-jio-platforms-ipo-11791435313094.html)
- 2026-10-08 — BUSINESSTODAY: **RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins** — RIL share price, Bharti Airtel share price, stocks to buy, stock ideas, power stocks, bank stocks, largecap stocks, midcap stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)

## Business profile

**Strategic vision:** Conglomerate with integrated energy, digital, retail, and new energy businesses.

### Business segments
- **Oil-to-Chemicals (O2C):** Encompasses refining, petrochemicals, and fuel marketing operations, including the Dhirubhai Ambani refinery complex at Jamnagar.
- **Upstream Oil & Gas Exploration and Production:** Focuses on the exploration, development, and production of crude oil and natural gas from offshore blocks in India.
- **Jio Platforms (Digital Services):** The technology division offering high-speed cellular, fiber broadband, and enterprise services, alongside developing digital solutions for various sectors.
- **Reliance Retail:** Operates a physical retail footprint in India across grocery, electronics, and fashion, connected to a digital supply chain network.
- **Media and Entertainment:** Manages television broadcasting networks, news channels, and digital streaming platforms through joint-venture entities.
- **New Energy Giga Complex:** The hub for building green energy supply chains, comprising gigafactories for solar photovoltaics, energy storage, and green hydrogen.

### Competitive strengths
- Integrated industrial and digital ecosystem
- Nation-wide digital network infrastructure
- Extensive physical retail footprint
- Jamnagar complex for energy transition

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/reliance
Markdown representation: https://faxioms.com/stocks/reliance?render=md