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The Reliance Share Price has been steadily climbing amid strong market sentiment. Reliance Industries Ltd (RIL) shares gained momentum on Tuesday, August 19, rising more than 2% in early trade despite broader market caution. The stock opened at Rs. 1,389.70 against the previous close of Rs. 1,380.95 and touched an intraday high of Rs. 1,414. By 9:55 a.m., it was trading at Rs. 1,412.20, up 2.26 per cent, while the benchmark Sensex edged higher by just 0.19 per cent at 81,432.
RIL has been among the top-performing large caps this year. Year-to-date (YTD), its shares have advanced 15 per cent, far ahead of the Sensex’s 4 per cent gain. The stock rebounded from a 52-week low of Rs. 1,115.55 in April to touch a 52-week high of Rs. 1,551 in July.
Reliance continues to diversify its portfolio across telecom, retail, and energy sectors. The rally paused in July, when the stock slipped over 7 per cent, breaking a four-month winning streak. In August, however, Reliance has regained ground, rising more than 1 per cent so far.
Investor enthusiasm stems from new developments in Reliance’s telecom and FMCG arms. Reliance Jio has announced a tariff hike, effectively dropping its prepaid plans of Rs. 209 and Rs. 249. The new entry-level pack is Rs. 299 for 28 days with 1.5GB data per day, which is expected to boost average revenue per user (ARPU) and be in line with peers.
In the FMCG sector, Reliance Consumer Products Limited (RCPL) purchased a majority stake in Naturedge Beverages and, through a link with Ceylon Cold Stores, launched its Campa Beverages brand across Sri Lanka. RCPL was also awarded exclusive beverage partner status for the Hyderabad Metro, promoting retail expansion.
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Analysts remain positive on Reliance given its diversified presence across telecom, retail, and new energy. Nitin Jain of Bonanza said the FMCG expansion into wellness and herbal drinks, along with Jio’s tariff hike, strengthens Reliance’s market leadership strategy.
Brokerage JM Financial reiterated a buy call with a target price of Rs. 1,700, forecasting 15-20 per cent earnings CAGR over the next three to five years.
Technical experts also see upside.
Investors are closely monitoring Reliance Shares as they show consistent market resilience. Jigar Patel of Anand Rathi pointed to a confirmed trendline breakout and suggested long positions between Rs. 1,380-Rs. 1,420, with an upside target of Rs. 1,485.
Market experts predict a bullish Reliance Industries Target Price based on expansion plans. Choice Broking’s Mandar Bhojane noted that holding above Rs. 1,420 could push the stock to Rs. 1,500, while immediate supports lie at Rs. 1,390-Rs. 1,400.
With rapid digital growth, Reliance Jio remains a driving force behind the company’s success. Shitij Gandhi of SMC Global observed that the stock has emerged from consolidation, with momentum indicators turning positive. He expects Rs. 1,350-Rs. 1,370 to act as a strong support zone.
Reliance stock has great fundamentals, growing consumer businesses, and positive technical signals, putting the stock in a position for continued upward movement. Analysts are confident in Reliance's consistent ability to create growth across digital, retail, and energy segments, making it a good long-term investment.
