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Reliance Share Price Up 18% YTD: Brokerages See More Gains

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.