Stock · RELIANCE · Energy and conglomerate
RELIANCE share price target 2026
Support, resistance, the F&O structure and the BazaarBaazi Crack Score for Reliance Industries Ltd, refreshed every end-of-day run. The Jio listing clock, the new-energy capex print, and the refining-margin cycle. India's largest market-cap weight on the index.
The verdict
BazaarBaazi reads RELIANCE as cautious with a Crack Score of 37/100 as of 21 Jul 2026.
BazaarBaaziSource & method
The scanner's readWatchlist · scanned 31 Jul 2026
Where RELIANCE stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.
Directional risk is visible, but a full trade thesis is still forming. HEDGE rows deliberately carry no outright entry frame.
Technical axis
100/100Fundamental axis
33/100Money flow
16/100Result pulse · Q4 FY26
62/100Named setups in force
- stage4 downtrend
- rally rejection falling MA
- under distribution
- RS laggard
Technical evidence
price below 50DMA
price below 150DMA
price below 200DMA
50 < 150 < 200 DMA (bear stack)
downtrend frame (50 < 200 DMA)
50DMA falling
rally testing a falling MA
RSI 53.4 (relief rally zone)
money-flow score 16.3/100 (weak)
Chaikin money flow -0.214 (distribution)
up/down volume 0.65x (sellers dominant)
net -6 accumulation days (25d)
RS slope -11.5% (3m)
RS line well below its high
relative strength falling vs NIFTY
below 50DMA
Valuation and context
P/E 21.9 vs sector median 11.3 (1.94x, 76th pctile)
P/E 1.78x its own ~15m median (12.3)
Relative valuation
P/E (TTM)
21.9P/E vs sector
+1.9%Sector percentile
76PEG
n/aGrowth gap
-19.9%P/E vs own history
+1.8%Scanner levels from the deterministic engine run of 2026-07-31, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q4 FY26 result.
Price target: support and resistanceComputed 21 Jul 2026
Support and resistance for RELIANCE are read inside the latest show; no spot was printed in the most recent editorial note.
Levels are read inside the latest show. The most recent editorial reference is Closing Bell Flash on 21 Jul 2026.
These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the RELIANCE chart, refreshed every end-of-day run.
The Crack Score, and how it is built37 / 100 · Cautious
The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for RELIANCE, so the figure is a transparent signal rather than a vibe.
Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.
About Reliance Industries LtdBusiness profile
What RELIANCE actually does, and the edge that holds its position.
Reliance is the only Indian name that lets you own an oil refinery, the country's largest telecom subscriber base and its biggest organised retailer in a single line of your portfolio, and that breadth is the whole point of the stock. The oil-to-chemicals engine runs refining, petrochemicals and upstream exploration through ONGC JVs, anchored by the Jamnagar refinery that ranks among the largest in the world by capacity. Jio Platforms is India's largest telecom operator by subscribers on a fresh 5G build-out, Reliance Retail is the largest organised retailer in India by revenue and store count, and the new-energy arm carries solar manufacturing and green hydrogen ventures that are still in the spending phase.
The conglomerate's core structural edge is vertical integration: crude procurement, refining, petrochemical cracking and downstream distribution form a single cost-optimised chain that few rivals can replicate. On the consumer side, Jio's sub-four-year 5G rollout and Retail's logistics spine create platform lock-in that sustains pricing power.
The F&O viewHorizon · 1d
How the futures and options structure on RELIANCE reads right now.
The editorial price read on RELIANCE is bearish. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on RELIANCE can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.
Why it movedSession -1.41%
The most recent BazaarBaazi read on what is driving RELIANCE.
HDFCBANK lost 2.07%, INFY fell 1.52%, SBIN slipped 1.51%, DRREDDY dropped 1.45%, TCS declined 1.43%, and RELIANCE ended lower by 1.41%.
Read in Closing Bell Flash on 21 Jul 2026. Why RELIANCE moved, the living explainer, tracks every move on one URL.
The 2026 to 2030 pictureStructural read
What genuinely drives RELIANCE over a multi-year horizon. A structural read, not a price forecast.
Over 2026 to 2030 the key driver is new-energy: Reliance has committed large capital to solar-panel gigafactories, green hydrogen electrolysers and battery storage, and execution pace will determine whether the energy-transition pivot adds to or dilutes returns from the legacy O2C business. Jio's ARPU trajectory as 5G monetisation matures is the second swing factor. The primary risk is capex overrun in new-energy combined with a structural decline in refining margins if global petrochemical capacity additions outpace demand. WHAT BAZAARBAAZI THINKS: You are buying three good businesses and one expensive promise; the cash machines are O2C, Jio and Retail, the new-energy bet is the call option, and the risk the Crack Score cannot price is how patient you have to be while that capital is still going out the door before it earns anything back.
What to watch:
- Jio ARPU and subscriber churn quarter on quarter
- New-energy capex deployment versus announced timelines
- Refining margins relative to Singapore complex benchmark
- Reliance Retail GMV growth and private-label share
- Regulatory outcome on Jio's market-share position in broadband
Peers and how to compare4 listed names
The listed names RELIANCE is most often read against. Compare them on the same Crack Score and levels.
Oil and Natural Gas Corporation · ONGC
Read the ONGC verdict and levels
Bharti Airtel · BHARTIARTL
Read the BHARTIARTL verdict and levels
Vedanta (diversified energy-chemicals)
Listed peer in the same space
Saudi Aramco (global refining benchmark)
Listed peer in the same space
Stored valuation readStored 2026-08-10
P/E, P/B, yield and the quality set for Reliance Industries Ltd, computed only from the stored fundamentals snapshot dated 2026-08-10. No carried market price is presented as current.
P / E
24.0x
Earnings yield
4.16%
P / B
1.99x
P / S
1.59x
EV / EBITDA
10.7x
Dividend yield
0.45%
Market cap
Rs 17.96 lakh cr
Enterprise value
Rs 19.36 lakh cr
Stored from Reliance Industries Ltd's filed results, as of 2026-08-10 and currency-checked. Price input Rs 1,327.30 from baked EOD spot. Open the calculator, move the price and watch every ratio react.
Latest filed resultsQ4 FY26
Reliance Industries Ltd's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.
Result Pulse
62 / 100Revenue
Rs 2.99 lakh crNet profit
Rs 20,589 crEPS (quarter)
Rs 12.54| Growth | YoY | QoQ |
|---|---|---|
| Revenue | +12.9% | +10.8% |
| Net profit | -8.9% | -7.6% |
| Net margin | +6.9% | |
Figures are the Q4 FY26 result for RELIANCE INDUSTRIES LIMITED, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.
Earnings history, every filed quarter32 quarters on record
Reliance Industries Ltd's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.
RELIANCE official result trail
32 quarters
Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.
| Quarter | Revenue | EPS | PAT YoY | Pulse | Source |
|---|---|---|---|---|---|
| Q4 FY26ended 31 Mar 2026 / Consolidated, audited | Rs 2.99 lakh cr | Rs 12.54 | n/a | n/a | Filing |
| Q3 FY26ended 31 Dec 2025 / Consolidated, audited | Rs 2.69 lakh cr | Rs 13.78 | n/a | 50/100 | Filing |
| Q2 FY26ended 30 Sep 2025 / Consolidated, audited | Rs 2.59 lakh cr | Rs 13.42 | n/a | 40/100 | Filing |
| Q1 FY26ended 30 Jun 2025 / Consolidated, audited | Rs 2.49 lakh cr | Rs 19.95 | n/a | 50/100 | Filing |
| Q4 FY25ended 31 Mar 2025 / Consolidated, audited | Rs 2.65 lakh cr | Rs 14.34 | n/a | 50/100 | Filing |
| Q3 FY25ended 31 Dec 2024 / Consolidated, audited | Rs 2.44 lakh cr | Rs 13.70 | n/a | n/a | Filing |
| Q2 FY25ended 30 Sep 2024 / Consolidated, audited | Rs 2.35 lakh cr | Rs 24.48 | n/a | n/a | Filing |
| Q1 FY25ended 30 Jun 2024 / Consolidated, audited | Rs 2.36 lakh cr | Rs 22.37 | n/a | n/a | Filing |
| Q4 FY24ended 31 Mar 2024 / Consolidated, audited | Rs 2.41 lakh cr | Rs 28.01 | n/a | n/a | Filing |
| Q3 FY24ended 31 Dec 2023 / Consolidated, audited | Rs 2.28 lakh cr | Rs 25.52 | n/a | n/a | Filing |
| Q2 FY24ended 30 Sep 2023 / Consolidated, audited | Rs 2.35 lakh cr | Rs 25.71 | n/a | n/a | Filing |
| Q1 FY24ended 30 Jun 2023 / Consolidated, audited | Rs 2.11 lakh cr | Rs 23.66 | n/a | n/a | Filing |
| Q4 FY23ended 31 Mar 2023 / Consolidated, audited | Rs 2.16 lakh cr | Rs 28.52 | n/a | n/a | Filing |
| Q3 FY23ended 31 Dec 2022 / Consolidated, audited | Rs 2.21 lakh cr | Rs 23.34 | n/a | n/a | Filing |
| Q2 FY23ended 30 Sep 2022 / Consolidated, audited | Rs 2.33 lakh cr | Rs 20.18 | n/a | n/a | Filing |
| Q1 FY23ended 30 Jun 2022 / Consolidated, audited | Rs 2.23 lakh cr | Rs 26.54 | n/a | n/a | Filing |
| Q4 FY22ended 31 Mar 2022 / Consolidated, audited | Rs 2.12 lakh cr | Rs 23.95 | n/a | n/a | Filing |
| Q3 FY22ended 31 Dec 2021 / Consolidated, audited | Rs 1.91 lakh cr | Rs 28.08 | n/a | n/a | Filing |
| Q2 FY22ended 30 Sep 2021 / Consolidated, audited | Rs 1.74 lakh cr | Rs 20.88 | n/a | n/a | Filing |
| Q1 FY22ended 30 Jun 2021 / Consolidated, audited | Rs 1.44 lakh cr | Rs 18.96 | n/a | n/a | Filing |
| Q4 FY21ended 31 Mar 2021 / Consolidated, audited | Rs 1.55 lakh cr | Rs 20.52 | n/a | n/a | Filing |
| Q3 FY21ended 31 Dec 2020 / Consolidated, audited | Rs 1.24 lakh cr | Rs 20.33 | n/a | n/a | Filing |
| Q2 FY21ended 30 Sep 2020 / Consolidated, audited | Rs 1.16 lakh cr | Rs 14.84 | n/a | n/a | Filing |
| Q1 FY21ended 30 Jun 2020 / Consolidated, audited | Rs 91,238 cr | Rs 20.69 | n/a | n/a | Filing |
| Q4 FY20ended 31 Mar 2020 / Consolidated, audited | Rs 1.39 lakh cr | Rs 10.01 | n/a | n/a | Filing |
| Q3 FY20ended 31 Dec 2019 / Consolidated, audited | Rs 1.57 lakh cr | Rs 18.36 | n/a | n/a | Filing |
| Q2 FY20ended 30 Sep 2019 / Consolidated, audited | Rs 1.52 lakh cr | Rs 18.59 | n/a | n/a | Filing |
| Q1 FY20ended 30 Jun 2019 / Consolidated, audited | Rs 1.61 lakh cr | Rs 17.05 | n/a | n/a | Filing |
| Q4 FY19ended 31 Mar 2019 / Consolidated, audited | Rs 1.42 lakh cr | Rs 17.49 | n/a | n/a | Filing |
| Q3 FY19ended 31 Dec 2018 / Consolidated, audited | Rs 1.60 lakh cr | Rs 17.30 | n/a | n/a | Filing |
| Q2 FY19ended 30 Sep 2018 / Consolidated, audited | Rs 1.46 lakh cr | Rs 16.06 | n/a | n/a | Filing |
| Q1 FY19ended 30 Jun 2018 / Consolidated, audited | Rs 1.33 lakh cr | Rs 15.97 | n/a | n/a | Filing |
The official financialsFiled to 31 Mar 2026
Reliance Industries Ltd's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.
Trailing twelve months, on filed quarters
Revenue (TTM)
10,75,675 crNet profit (TTM)
95,754 crEBIT (TTM)
1,50,223 crProfit before tax (TTM)
1,23,162 crNet margin (TTM)
8.9%Finance costs (TTM)
27,061 crBalance sheet, as filed 2026-03-31
Total assets
21,78,140 crShareholder equity
10,85,866 crTotal borrowings
3,74,421 crCash and equivalents
1,45,977 crInventory
1,66,941 crTrade receivables
58,491 crThe cash engine, latest filed year
Operating cash flow
1,92,113 crCapex
1,22,916 crFree cash flow
69,197 crInvesting flow
-1,01,089 crFinancing flow
-51,549 crAnnual trail, filed year over filed year
| Year | Revenue | Net profit | Equity | Borrowings | CFO |
|---|---|---|---|---|---|
| FY26 | 10,75,675 cr | 95,754 cr | 10,85,866 cr | 3,74,421 cr | 1,92,113 cr |
| FY25 | 9,80,136 cr | 81,309 cr | 10,09,626 cr | 3,47,530 cr | 1,78,703 cr |
| FY24 | 9,14,472 cr | 79,020 cr | 9,25,788 cr | 3,24,622 cr | 1,58,788 cr |
| FY23 | 8,92,944 cr | 74,088 cr | 9,34,162 cr | 3,14,708 cr | 1,15,032 cr |
| FY22 | 7,21,634 cr | 67,845 cr | 8,88,984 cr | 2,66,305 cr | 1,10,654 cr |
| FY21 | 4,86,326 cr | 53,739 cr | 7,99,432 cr | 2,23,764 cr | n/a |
Every figure is parsed from Reliance Industries Ltd's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.
Management on record17 earnings calls
Every RELIANCE earnings call BazaarBaazi has indexed, latest 30 Apr 2026. Read management in its own words, straight from the filed transcript.
Reliance Industries Ltd earnings calls on record
17 calls since 31 Oct 2022
Show 9 older calls
Each entry links to the transcript PDF the company filed with the exchange. Primary sources, in management's own words.
What changed76 disclosures
Every recent official filing from Reliance Industries Ltd, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.
RELIANCE INDUSTRIES LIMITED has filed 76 official disclosures recently. The most recent is a Press release dated 25 Jul 2026.
Presentation on the resolutions proposed for shareholders approval vide Postal Ballot Notice dated July 17, 2026 is attached.
Newspaper clippings - Postal Ballot Notice and other related informationThe newspaper clippings of the advertisement on the captioned subject published today i.e., July 22, 2026 in the newspapers viz. The Times of India (English) and Maharashtra Times (Marathi) are enclosed for information and records.
The Postal Ballot Notice dated July 17, 2026, along with the explanatory statement, seeking approval of the members of the Company, by way of remote e-voting process, is attached.
Transcript of the discussion on the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026, at the analyst meet held on July 17, 2026, is attached and also available on the website of the Company.
Audio recording of the discussion on the unaudited financial results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026, at the analyst meet held on July 17, 2026, is available on the website of the Company
In continuation of our letter of today''s date on the Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026, we attach a copy of media release being issued by the Company
Please find attached Consolidated and Standalone unaudited financial results for the quarter ended June 30, 2026.
Board Meeting to be held on 17-Jul-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 2026
Event Heat is withheld because the reproducible what-changed window is unavailable. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.
Key fundamentalsEditorial reference
The anchor data BazaarBaazi references when reading the RELIANCE chart. Not a substitute for a registered research note.
| Ticker | RELIANCE |
|---|---|
| Full name | Reliance Industries Ltd |
| Sector | Energy and conglomerate |
| Index class | LARGE CAP |
| ISIN | INE002A01018 |
| Market-cap band | ₹19.5 lakh cr |
| Last referenced level | Inside latest show |
| Last session move | -1.41% |
| Editorial line in | Closing Bell Flash on 21 Jul 2026 |
| Aliases tracked | Reliance, RIL |
Reference chart15 May 2026
The daily frame the desk reads on RELIANCE.

FAQ17 reader questions · AEO-eligible
The line on RELIANCE, distilled and schema-marked for AI Overview, Perplexity, and reader search.
What is the RELIANCE share price target for 2026?
BazaarBaazi does not publish a SEBI-registered price target on RELIANCE. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Closing Bell Flash on 21 Jul 2026.
What is BazaarBaazi's Crack Score for RELIANCE?
The BazaarBaazi Crack Score for RELIANCE is 37 out of 100 as of 21 Jul 2026, a cautious reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.
What is the F&O view on RELIANCE?
Legacy record dated 12 Aug 2026; provider observation time unavailable, so BazaarBaazi retains RELIANCE's dated near-money option-inventory band but withholds the specific open-interest counts, PCR and max-pain claim until a fully reproducible, provider-timestamped snapshot is recorded. Matched inventory cannot identify who initiated either side, direction, hedging, spreads or profit. This is a carried stale snapshot; the latest refresh did not replace it.
What sector is RELIANCE in and which peers does BazaarBaazi track?
RELIANCE sits in Energy and conglomerate (large cap), indicative market cap ₹19.5 lakh cr, ISIN INE002A01018. The peers BazaarBaazi reads alongside it are Oil and Natural Gas Corporation Ltd, Bharti Airtel Ltd. The Jio listing clock, the new-energy capex print, and the refining-margin cycle. India's largest market-cap weight on the index.
How often is the RELIANCE view updated?
This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on RELIANCE is bearish, published in Closing Bell Flash on 21 Jul 2026.
Is Reliance Industries a good long-term stock?
What actually drives this name is Jio's ARPU climb and Retail's footprint compounding while the O2C cash flow funds the new-energy build, and the one risk the Crack Score cannot fully capture is conglomerate complexity that lets capital flow into unproven ventures before the market can judge the returns. BazaarBaazi publishes a dated Crack Score that reflects the current risk-reward read; structural drivers and key risks are laid out on this page.
What is the Reliance share price target for 2030?
The honest answer is that the swing factor by 2030 is whether the new-energy gigafactories earn their keep or stay a cash drain, and that is a binary the Crack Score reads but no fixed number can pin down. What matters more is tracking ARPU expansion, new-energy milestone delivery and refining-margin trends. The Crack Score on this page is updated with each editorial cycle and reflects where the structural case stands today.
Why is Reliance share price falling?
Because it is an index heavyweight, the move is often someone else's story: a refining-margin squeeze, a Jio ARPU pause, or simply FII selling the largest names to raise cash, none of which necessarily says the business broke. Check which segment commentary softened in the latest quarterly update and whether the macro trigger (crude price, currency, FII flows) is transient or structural.
Is RELIANCE a qualifying setup on the BazaarBaazi scanner right now?
On the 2026-07-31 run of the 500-name BazaarBaazi setup scanner, Reliance Industries Ltd sits in the Watchlist tier with a setup score of 78/100 (technical 100, fundamental 33). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.
Where can I read Reliance Industries Ltd's earnings call transcripts?
BazaarBaazi indexes 17 RELIANCE earnings calls going back to 2022-10-31, latest 2026-04-30. Every entry on this page links straight to the transcript PDF the company filed with the exchange, so you read management in the primary source.
What was RELIANCE INDUSTRIES LIMITED's Q4 FY26 net profit?
RELIANCE INDUSTRIES LIMITED reported a net profit of Rs 20,589 cr for Q4 FY26 (the quarter ended 31 March 2026). That is -8.9% year on year. The figure is from the company's official NSE filing.
What was RELIANCE INDUSTRIES LIMITED's Q4 FY26 revenue?
RELIANCE INDUSTRIES LIMITED reported revenue of Rs 2.99 lakh cr for Q4 FY26. That is +12.9% year on year. The figure is from the company's official NSE filing.
How does BazaarBaazi rate RELIANCE INDUSTRIES LIMITED's Q4 FY26 result?
BazaarBaazi gives RELIANCE INDUSTRIES LIMITED's Q4 FY26 result a Result Pulse of 62 out of 100, with a verdict of Steady. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.
What has Reliance Industries Ltd announced recently?
Reliance Industries Ltd's two most material recent disclosures are a press release dated 25 Jul 2026, "Presentation on the resolutions proposed for shareholders…", and a disclosure dated 22 Jul 2026, "Newspaper clippings - Postal Ballot Notice and other…". Both link to the company's own official filing on the BazaarBaazi stock page.
Has Reliance Industries Ltd declared a dividend recently?
Yes. Reliance Industries Ltd filed a dividend disclosure on 05 Jun 2026, filed as "Dividend - Rs 6 Per Share". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.
What did Reliance Industries Ltd's latest board meeting cover?
Reliance Industries Ltd's most recent board-meeting disclosure on record dated 17 Jul 2026 reads "Board Meeting to be held on 17-Jul-2026 to inter-alia consider and…". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.
Has Reliance Industries Ltd's credit rating been updated recently?
Reliance Industries Ltd filed a credit-rating disclosure on 03 Jul 2026, recorded with the exchange as "Credit Rating". The detail sits in the linked filing on the BazaarBaazi stock page. A rating action is an agency view on debt, separate from the share price.
Related stock views
The names BazaarBaazi reads alongside RELIANCE, each a living view refreshed every end-of-day run.