Reliance stock: Religare assigns INR 1,696 target for Reliance stock

Published on 10/19/2026 at 17:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 revenue hit INR 3.40 trillion, up 24.5 percent. Reliance stock was INR 1,202.00 on October 19, 2026, down 0.76 percent versus NSE close.

Target and valuation frame

Religare Broking assigned an INR 1,696 target on October 15, 2026, 41.10 percent above the price.
Reliance reported INR 3.40 trillion in Q1 FY27 revenue, up 24.5 percent year over year.
Reliance stock stood at INR 1,202.00 on October 19, 2026 at 11:59 a.m. CEST on NSE, down 0.76 percent versus the prior close.
Reliance had an INR 16.3 trillion market capitalization and a P/E ratio of 21.77 on October 19, 2026.

Reliance, INE002A01018, Illustration mit AI erstellt.

Religare Broking assigned a Buy rating and an INR 1,696 target to Reliance stock on October 15, 2026, putting the target 41.10 percent above the latest NSE price. The recommendation gives investors a valuation marker while the company prepares for the next phase of its digital-services expansion. Reliance stock was INR 1,202.00 on NSE on October 19, 2026 at 11:59 a.m. CEST, down 0.76 percent from the prior close.

What the INR 1,696 target implies

The target comes from Moneycontrol, which reported that Religare Broking expects the Jio Platforms listing to improve value visibility. The analyst case uses an INR 1,696 target against the October 12 closing price of INR 1,156.00. Measured against the October 19 NSE price, the target implies 41.10 percent upside.

Revenue sets a second marker

Reliance reported consolidated Q1 FY27 revenue of INR 3.40 trillion, up 24.5 percent year over year, according to FinTech BizNews on July 17, 2026. The result provides a current operating comparison for the valuation discussion, although the next quarterly date is not included here. Reliance reported net profit of INR 231.96 billion for the same period, up 6.10 percent year over year.

Price position and range

The October 19 price stood 25.44 percent below the NSE 52-week high of INR 1,611.80 and 4.32 percent above the low of INR 1,152.20. The session range ran from INR 1,201.20 to INR 1,228.20, while volume reached 15,568,009 shares against an average of 12,037,552.

Valuation and peers

Reliance had a market capitalization of INR 16.3 trillion and a P/E ratio of 21.77 on October 19, 2026. The comparison below places the stock beside two large Indian energy companies using their same-day quoted figures.

Comparison with peers

Reliance (NSE, INR): minus 0.76 percent, P/E 21.77, market capitalization INR 16.3 trillion.
Indian Oil (NSE, INR): minus 0.10 percent, P/E 5.33, market capitalization INR 1.8 trillion.
Oil and Natural Gas Corporation (NSE, INR): plus 1.35 percent, P/E 6.50, market capitalization INR 2.8 trillion.

Trading level and valuation

The stock's valuation remains tied to the gap between the current INR 1,202.00 quote and the INR 1,696.00 Religare target. The operating backdrop includes Q1 FY27 revenue growth of 24.5 percent and net profit growth of 6.10 percent, while the 52-week position leaves the shares materially below the annual high.

The last available NSE quote stood at INR 1,202.00 on October 19, 2026 at 11:59 a.m. CEST, down 0.76 percent versus the prior close. The further course of trading is shown by the continuously updated real-time quote of Reliance stock.