Reliance stock: Motilal Oswal set INR 2,195.00 target for Reliance stock

Published on 10/21/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 25.00 percent, but profit fell 22.00 percent in fiscal 2027. Reliance stock costs INR 1,209.00 on October 21, 2026, up 0.58 percent on NSE.

Target and earnings figures

Motilal Oswal set an INR 2,195.00 target for Reliance Industries on October 18, 2026.
Revenue rose 25.00 percent in the first quarter of fiscal 2027, while profit fell 22.00 percent.
Reliance stock stood at INR 1,209.00 on NSE on October 21, 2026 at 3:29 p.m. IST, up 0.58 percent versus the INR 1,202.00 prior close.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance Industries (ISIN INE002A01018) has an INR 2,195.00 target from Motilal Oswal, while its first-quarter fiscal 2027 revenue rose 25.00 percent and profit fell 22.00 percent. According to The Economic Times on October 18, 2026, Motilal Oswal maintained a Buy view and the target. Reliance stock last stood at INR 1,209.00 on NSE on October 21, 2026 at 3:29 p.m. IST, up 0.58 percent versus the NSE prior close of INR 1,202.00.

Target rests on diversified earnings

Motilal Oswal's target reflects a valuation framework covering Reliance's digital services, retail, oil-to-chemicals and exploration businesses. The report assigned separate values to Jio, retail, oil-to-chemicals and exploration and production before combining them into the target.

The target is 81.56 percent above the latest NSE price, calculated as INR 2,195.00 divided by INR 1,209.00 minus one. That gap is a valuation reference rather than a forecast by this article.

Stock stays below its yearly high

Reliance stock traded within an NSE day range of INR 1,199.40 to INR 1,234.30 on October 21, 2026. Its 52-week range was INR 1,152.20 to INR 1,611.80, placing the latest price 24.95 percent below the high and 4.93 percent above the low.

The market capitalization was INR 16.4 trillion and the price-to-earnings ratio was 21.89 on October 21, 2026. The stock's latest price was INR 7.00 above the prior close, equivalent to a 0.58 percent daily increase.

First-quarter figures show mixed growth

The Economic Times reported on July 17, 2026 that revenue from operations reached INR 311,000.00 crore in the first quarter of fiscal 2027, up 25.00 percent year over year. Net profit fell 22.00 percent to INR 20,946.00 crore because the comparison period included an exceptional gain from the sale of an Asian Paints stake.

Jio Platforms delivered operating revenue of INR 39,173.00 crore in the same quarter, up 12.00 percent year over year, while average revenue per user reached INR 215.60. Reliance Retail revenue rose 7.00 percent to INR 90,408.00 crore, but retail profit fell 14.00 percent to INR 2,806.00 crore.

Reliance valuation in brief

Reliance combines energy, chemicals, retail and digital services under one listed company. Its first-quarter figures therefore put different operating trends beside one another: digital revenue expanded, while retail profit declined and consolidated profit faced a high comparison base.

Reliance stock stood at INR 1,209.00 on NSE on October 21, 2026 at 3:29 p.m. IST, up 0.58 percent versus the NSE prior close of INR 1,202.00. The further course of trading is shown by the continuously updated real-time quote of Reliance stock.