Religare sets INR 1,696.00 target for Reliance stock

Published on 10/26/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Religare set INR 1,696.00 on October 13, 2026. Reliance stock was INR 1,201.80 on October 26, 2026, up 0.99 percent from INR 1,190.00.

Analyst target and earnings

Religare set an INR 1,696.00 target for Reliance Industries on October 13, 2026.
First-quarter fiscal 2027 revenue reached INR 340,257.00 crore, up 24.50 percent year over year.
Reliance stock was INR 1,201.80 on October 26, 2026, up 0.99 percent from INR 1,190.00.
The stock traded between INR 1,152.20 and INR 1,611.80 over the past 52 weeks.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance Industries (ISIN INE002A01018) has an INR 1,696.00 share-price target from Religare Broking, which issued its research note on October 13, 2026. The target stands 41.12 percent above the NSE price of INR 1,201.80 on October 26, 2026, based on the same-currency comparison. According to TradingView, the brokerage cited value creation from the proposed Jio Platforms listing, improving cash flow and growth across Reliance's businesses.

What does INR 1,696.00 imply?

The target gives investors a clear valuation marker while Reliance stock remains close to the lower end of its annual range. The NSE price was INR 1,201.80 at 3:28 p.m. IST on October 26, 2026, up 0.99 percent from the prior close of INR 1,190.00. The target comparison is an upside calculation, not a company forecast.

Reliance's latest reported operating figures provide the earnings backdrop. In the first quarter of fiscal 2027, consolidated revenue reached INR 340,257.00 crore, up 24.50 percent year over year, while net profit was INR 23,196.00 crore, up 6.10 percent. These figures were reported on July 17, 2026, by ALFA Finder in its summary of the exchange filing.

How far is the stock from its high?

Reliance stock stood 25.44 percent below its 52-week high of INR 1,611.80 and 4.30 percent above its 52-week low of INR 1,152.20 on October 26, 2026. Its year-to-date performance was minus 24.47 percent, according to the NSE quote page. The latest quote also carried a price-to-earnings ratio of 21.76.

What supports the valuation?

Reliance's fiscal 2026 consolidated revenue was INR 11.8 trillion, up 9.80 percent, while net profit reached INR 957.5 billion, up 17.80 percent. The company also reported Jio Platforms revenue of INR 1.5 trillion and an EBITDA margin of 51.90 percent for fiscal 2026 in its investor-relations materials.

As of October 26, 2026, Reliance's market capitalization was INR 16.3 trillion. Tata Steel traded at INR 169.94, up 1.35 percent, with a P/E of 19.18 and market capitalization of INR 2.1 trillion. ONGC traded at INR 228.44, up 0.41 percent, with a P/E of 6.60 and market capitalization of INR 2.9 trillion.

Comparison with peers

Reliance Industries (NSE, INR): up 0.99 percent, P/E 21.76, market capitalization INR 16.3 trillion

Tata Steel (NSE, INR): up 1.35 percent, P/E 19.18, market capitalization INR 2.1 trillion

ONGC (NSE, INR): up 0.41 percent, P/E 6.60, market capitalization INR 2.9 trillion

Reliance stock near its annual low

The combination of the Religare target, first-quarter growth and a 24.47 percent year-to-date decline leaves the market weighing future digital and consumer businesses against the current price position.

On the NSE, Reliance stock was INR 1,201.80 on October 26, 2026 at 3:28 p.m. IST, up 0.99 percent from INR 1,190.00.