Reliance stock: Religare sets INR 1,696 target for Reliance stock with 40.02 percent upside
Published on 10/16/2026 at 18:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSReligare presents its valuation view
- On October 13, 2026, Religare assigned Reliance a INR 1,696.00 target, 40.02 percent above the NSE price.
- Reliance reported FY26 revenue of USD 124.0 billion, up 9.80 percent year over year.
- Reliance stock stood at INR 1,211.20 at 3:28 p.m. IST on October 16, 2026, down 0.31 percent versus the NSE prior close of INR 1,215.00.
- Reliance had a price-to-earnings ratio of 18.03 and market capitalization of INR 16.4 trillion as of October 15, 2026.
Religare assigned Reliance a target of INR 1,696.00 in a research note dated October 13, 2026, putting the target 40.02 percent above the latest NSE price, calculated on the same currency basis, according to TradingView. Reliance stock stood at INR 1,211.20 on the NSE on October 16, 2026 at 3:28 p.m. IST, down 0.31 percent from the prior close of INR 1,215.00.
FY26 revenue reached USD 124.0 billion
Reliance's investor-relations materials report consolidated FY26 revenue of USD 124.0 billion, up 9.80 percent year over year, and net profit of USD 10.1 billion, up 17.80 percent. The figures put the group's operating scale alongside Religare's valuation case, which centers on growth across digital services, retail, oil-to-chemicals and new energy, as described in the October 13 research coverage from Reliance Industries.
Stock sits 5.12 percent above its low
The NSE price was 5.12 percent above the 52-week low of INR 1,152.20 and 24.85 percent below the 52-week high of INR 1,611.80 on October 16, 2026. Year-to-date performance stood at minus 22.89 percent, while volume reached 17,221,171 shares against an average of 12,054,647.
Valuation and scheduled developments
Reliance had a market capitalization of INR 16.4 trillion, a price-to-earnings ratio of 18.03 and a 52-week range of INR 1,152.20 to INR 1,611.80 as of October 15, 2026. The NSE lists Reliance in the NIFTY 50, giving the stock a broad index reference for Indian investors.
Comparison with peers
Reliance: minus 0.31 percent, P/E 18.03, market capitalization INR 16.4 trillion.
ONGC (NSE, INR): minus 1.18 percent, P/E 6.42, market capitalization INR 2.8 trillion.
Indian Oil (NSE, INR): plus 1.20 percent, P/E 5.33, market capitalization INR 1.8 trillion.
Price position for the next session
Reliance last traded at INR 1,211.20 on the NSE on October 16, 2026 at 3:28 p.m. IST, down 0.31 percent versus the prior close of INR 1,215.00.
Reliance market profile
- Company: Reliance Industries Limited
- ISIN: INE002A01018
- Ticker: RELIANCE
- Primary exchange: NSE
- Market capitalization: INR 16.4 trillion (as of October 15, 2026)
- 52-week range: INR 1,152.20-1,611.80 (as of October 15, 2026)
- Sector / Industry: Energy / Oil & Gas Refining & Marketing
- Index membership: NIFTY 50
Market context: Market report BSE Sensex.
