Reliance Industries: Goldman Sachs seems to have unwavering confidence in the country’s most valuable company Reliance Industries. Goldman Sachs has increased the 12-month target price for Reliance Industries to Rs 1835 per share, which represents an increase of about 25 percent from the current share price. Currently the price of Reliance Industries shares is Rs 1476 per share.

Goldman has increased the target price of shares just a week before the company’s December quarter (Q3FY26) results. Apart from this, the brokerage has maintained its ‘Buy’ rating on it. The brokerage says that the near-term weakness in the retail segment will be offset by better fundamentals in refining and stable momentum in telecom, which will keep Reliance’s medium-term earnings path intact.

What did the brokerage say?

In a note on January 9, the brokerage said that it has increased its target price for Reliance by updating its estimates in line with the changing trends in all the different segments of the company.

Like many other brokerage firms, Goldman expects earnings growth in the retail segment to be slow due to weak spending, base effect and festive timing, but this is likely to be offset to some extent by strong refining-based performance in the oil-to-chemicals (O2C) business. As a result, despite the ups and downs in earnings at the segment level, there is not likely to be much change in the total income.

Limited impact of fall in shares

After better performance in Sensex and Nifty compared to other rival companies in the last one year, the share price of Reliance Industries has declined by about 8 percent in the last few trading sessions. Goldman admitted that the reason for this decline is less purchase of oil from Russia due to US sanctions and the slowdown in retail growth, about which investors are worried. However, this will not have much impact on the company’s medium-term earnings.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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Stocks to watch today: Today is the last trading day of the week in the stock market. Earlier on Thursday, NSE Nifty 50 closed at 26147 with a rise of 17 points or 0.06 percent, while BSE Sensex closed at 85189 with a fall of 32 points or 0.04 percent. As far as today’s business is concerned, both Global Index and GIFT Nifty are indicating a slow start for the stock market. Here are the names of some stocks, in which movement may be seen during the trading session today.

Reliance Industries

Mukesh Ambani’s company Reliance Industries has expressed its desire to buy oil from Venezuela. A Reuters report states that Reliance, the company that runs the world’s largest refining complex, has said that if the company is allowed to sell it to non-American buyers, then it can think about buying it. The company has mentioned buying oil from Venezuela following the rules. Due to this, there may be movement in the shares of Reliance Industries today.

Astra Microwave

Astra Rafael Comsys Pvt Ltd has received an order worth Rs 275.27 crore (including taxes) from the Indian Air Force (IAF) for integration and installation of software in aircraft.

Astra Rafael Comsys Private Limited is a joint venture company of Astra Microwave Products and Israel’s Rafael Advanced Defense Systems Limited. The order includes integration of Software-Defined Radio (SDR) on MiG-29 aircraft, installation of Network-Centric Application (NCO) on MiG-29s and procurement of 24 SDRs for Light Combat Aircraft (LCA) Mk-1A.

highway infrastructure

Highway Infrastructure has received an order worth Rs 328 crore from the National Highway Authority of India (NHAI), which is a major contract win for the company in the highway operation segment. This order pertains to the operation and collection of user fees at Kaza Fee Plaza on Chilakaluripet-Vijayawada section of National Highway-16 in Andhra Pradesh.

IREDA

The loan book of Indian Renewable Energy Development Agency Limited (IREDA) is continuously increasing, which increased by 27.6 percent compared to last year to Rs 87975 crore in the third quarter of financial year 2026. However, this figure is slightly less than the 31 percent increase in the loan book in the first six months of this financial year. IREDA’s disbursement increased by 44.5 percent to Rs 24903 crore in the first nine months of the year, while sanctions increased by 29 percent. In the first half, both these metrics had increased by 54 percent and 86 percent respectively.

Bharat Electronics

Bharat Electronics said it has received additional orders worth Rs 596 crore since its previous announcement on January 1, 2026. These orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spare parts and related services.

Bharat Forge

Bharat Forge said that it has signed an MoU with German company Agile Robots SE. Under this, both will together explore the possibility of strategic cooperation in the segment of AI-operated robotics and intelligent industrial automation. During this period, Bharat Forge’s capability and know-how in this domain will be combined with Agile Robots’ intelligent robots and automation solutions.

Morepen Laboratories

Morepen Laboratories has taken a stay on the operation of Show-Cause Notice (SCN) issued from the office of the Commissioner of Central GST and Central Excise Commissionerate in Shimla. In response, Morepen Labs filed a writ petition in the Himachal Pradesh High Court in Shimla. ​​On January 6, 2026, the High Court passed an order granting stay on the operation of SCN, which the company received on January 1, 2026.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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Reliance Industries Share: The shares of Mukesh Ambani -led company Reliance Industries are trading today with an increase. Recently, brokerage JP Morgan has given a ‘overweight’ rating to RIL shares. Similarly, Bernstein has given it ‘outperform’ and Jefferies has given it a ‘Buy’ rating. These brokerage houses believe that its shares are expected to rise in the company amidst strong possibilities of getting good business in retail and telecom segment. These brokerage is also expected to increase the price of Reliance Industries in the next 12 months.

Brokerage trusts on Reliance shares

JP Morgan has increased the target price on Reliance Industries’ shares to Rs 1.568 per share against Rs 1,530. This target price shows an increase of about 9 percent from the current level. JP Morgan believes that the next two years of results should be better than previous years as Brokerage believes that consumer business growth is expected to change a better change in ‘bottom line’, which will also make the performance good. Let us know that around 10 am today, Reliance shares were trading at Rs 1449.4 with a slight increase of 0.41 percent.

The company will get support from retail and telecom

JP Morgan believes that the company’s income may increase in the coming time due to support from retail and telecom segment. The main reason for the decline in the company’s earnings was seen due to pressure in the commodity margin. However, now this pressure is over. Interestingly, Reliance Industries has a 46 percent share of retail business in the valuation of Reliance Industries. In such a situation, if its performance has improved further, earnings will also improve and there may be a big impact on stock.

Bernstein has given Reliance Industries ‘outperform’ rating with target of Rs 1,640 per share. This means that later the share price will increase by more than 13 %. Brokerage hopes that ‘growth will be stronger after the completion of the store rationalization’.
Jeffers has also given a ‘buy’ rating to Reliance Industries with a target price of Rs 1,650 per share. This means that the current levels are expected to lead by about 14 percent. Jefferies is also expected to improve further retail development. Jio also has the hope of betterment from the tariff outlook.

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Reliance Industries Share: Reliance Industries Limited (RIL) shares rose up to 3 % within just half an hour of opening the market on Monday, April 28, after the announcement of a brilliant result of the fourth quarter on 25 April last Friday. Reliance’s stock opened at Rs 1332.35 today and on seeing it, it touched the Intrade High Level of Rs 1343.00.

Investors earned strong money in just half an hour

It was trading at Rs 1337.85 at 9:45 pm with 2.91 percent or gaining Rs 37.80. The stock market is seeing a boom on Monday, the first business day of the week. As soon as the market opened, BSE Sesect jumped 650 points and the Nifty also reached the level of 24000.

At the same time, in the meantime, the impact of this stormy boom in Reliance’s stock was also seen on its market cap. Where its market capital on Friday was Rs 17.59 lakh crore. At the same time, today it has increased to Rs 18.28 lakh crore. According to this, within just 30 minutes in early trade, Reliance’s investors made a strong profit of Rs 69000 crore.

Company performed brilliantly in March quarter

Let us know that Reliance Industries, led by the country’s richest man Mukesh Ambani, was a net profit of Rs 19,407 crore for the January-March 2025 quarter, which is 2.41 % higher against Rs 18,951 crore in the same period last year.

The company’s total income has increased by 8.8 percent to Rs 2,88,138 crore in the same quarter of the previous year, while the operation has increased by 9.9 percent to Rs 2,64,573 crore. Similarly, total income has reached Rs 2,69,478 crore with a gain of 9.9 percent year after year.

The board of the company has announced a dividend of Rs 5.50 on each equity share with a face value of Rs 10 for the financial year ended 31 March, 2025.

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