Reliance Share Price Up 18% This Year – And Brokers Say It’s Just Getting Started
Okay, let’s talk about Reliance. You know, that giant Indian company that’s into everything from oil to your neighborhood grocery store? Yeah, that one. Its stock’s been on fire this year—up 18% already. And get this: most brokerages think it’s got more room to run. But here’s the real question—why now, and should you care?
The Numbers Don’t Lie
First, some quick stats:
- This year’s jump: 18% and counting, while the Nifty’s just plodding along
- But last year? Still down 2% overall—which makes this comeback even more interesting
- Where it’s at now: Hovering around ₹1,450, but analysts see ₹1,650 coming soon
Honestly, I wouldn’t blame you for being skeptical. I was too—until I saw what the big players are saying.
What the Big Money Guys Are Saying
Jefferies, JP Morgan, Bernstein—they’re all raising their price targets like it’s Diwali come early. Here’s the breakdown:
- Jefferies: ₹1,650 target because Reliance Retail’s expanding like crazy and Jio’s 5G is actually working
- JP Morgan: ₹1,600—they think Reliance is cheaper than it should be compared to global companies
- Bernstein: ₹1,568, betting big on their green energy moves
The crazy part? Over 70% of analysts are telling people to buy this stock right now. That’s not normal consensus—that’s a near-unanimous vote of confidence.
Why Everyone’s Suddenly Bullish
Let me put it this way—Reliance isn’t just an oil company anymore. It’s like three growth stories wrapped into one:
1. Retail & Jio Are Eating the Market
Reliance Retail opened 1,500+ stores last year. Let that sink in. That’s like 4 new stores every single day. And Jio? They’ve got 450 million people hooked on their network. Rumor has it they might spin off one of these businesses—that could send the stock into orbit.
2. The Oil Business Isn’t Dead Yet
Here’s the thing—everyone wrote off their energy division, but refining margins are improving. Plus, they’re actually putting real money into solar and hydrogen. Not just PR talk—actual factories.
3. It’s Weirdly Cheap?
Compared to Amazon (retail) or Airtel (telecom), Reliance trades at a discount. That’s why JP Morgan’s making that valuation gap argument. Whether that holds up… well, that’s the million-rupee question.
But It’s Not All Sunshine
Look, I’d be doing you dirty if I didn’t mention the risks:
- Oil prices: One bad geopolitical tweet and boom—there go the profits
- Competition: Airtel’s fighting back hard in telecom, and Amazon/Flipkart own e-commerce
- Government stuff: You know how it is—spectrum pricing changes could mess with Jio’s math
What the Charts Are Saying
Technically? ₹1,500 is the next big hurdle. But FIIs have been buying like crazy—up 5% this quarter alone. That tells you something.
So Should You Buy?
Depends who you are:
- Already invested? Hold tight—this might be the start of a bigger run
- Thinking of buying? Maybe wait for a dip below ₹1,400
- Trader types? Watch for a high-volume breakout past ₹1,500
At the end of the day, here’s how I see it: Reliance isn’t just riding a wave—they’re building actual businesses that could dominate for years. But with the world being what it is? Keep some cash ready just in case things get bumpy.
Want to Go Deeper?
Seriously though—what do you think? Bullish or waiting for a pullback? Hit reply and let me know.
