- Current Price Range: ₹1,441–1,447 (BSE/NSE) Wikipedia+3Moneycontrol+3Screener+3
- 52-Week Range: High of ₹1,551 | Low of ₹1,115 Screener+1Moneycontrol+1
- Market Capitalization: Approx ₹1.96–1.99 lakh crore Moneycontrol+1TradingView+1
- Valuations:
- P/E Ratio (TTM): ~24× Moneycontrol+2Screener+2Tickertape+2
- P/B Ratio: ~2.4× Moneycontrol+1Groww+1
- Dividend Yield: ~0.35–0.38% TradingView+4Moneycontrol+4Groww+4
📈 Q1 FY26 Earnings Pulse
- Net Profit: Jumped ~78% YoY to ₹26,994 crore, beating estimates of ₹22,069 crore The Economic Times+1Screener+1
- Profit uplift largely from ₹8,924 crore one-time gain via Asian Paints stake sale Groww+3The Economic Times+3Moneycontrol+3
- Revenue: Grew 5.3% YoY to ₹2.486 lakh crore The Economic Times
- EBITDA: Up 36% YoY to ~₹58,024 crore; margin improved to 21.2% (+460 bps) The Economic Times+1Moneycontrol+1
- Segment Performance:
- Jio: EBITDA +24% YoY; subscriber base crossed ~498 million (+9.9M) The Economic TimesMoneycontrol
- Retail: Revenue +11.3%, EBITDA +12.7% Moneycontrol
- O2C (Oil-to-Chem): Volume dip but margins stabilised due to fuel retail and refining finance.yahoo.com+8The Economic Times+8Moneycontrol+8
📉 Market Reaction & Analyst Commentary
- Stock Movement: Slipped ~2–2.4% intraday following earnings, despite strong bottom-line The Economic Times
- Brokerage Views:
- Macquarie: Outperform rating; ₹1,500 target—cites Jio strength but cautious on retail/O2C The Economic Times
- Morgan Stanley: Overweight, ₹1,617 target; bullish on telecom, retail, and balance sheet, notes mixed retail/O2C The Economic Times+1Moneycontrol+1
- Motilal Oswal: Buy with ₹1,700 target; sees ~11% EBITDA/PAT CAGR through FY28 The Economic Times+1Moneycontrol+1
- Jefferies: Buy, ₹1,726 target; optimistic on refining recovery, future Jio listing Moneycontrol
- Nomura: Buy, ₹1,600 target; bullish due to energy, telecom, and renewables Moneycontrol+1The Economic Times+1
✅ What Investors Should Consider
| Investor Type | Takeaway |
|---|---|
| Short-Term Traders | Possible bounce back given heavy sell-off; watch support near ₹1,430–1,440. Consider portfolio rebalancing depending on risk appetite. |
| Long-Term Investors | Strong Q1 performance with multi-segment momentum is encouraging. Wait for dips to accumulate, given growth in Jio and energy transition. |
❓ FAQs
Q1. Why did shares drop despite strong Q1 profit?
👉 Stock corrected after one-time Asian Paints gain; markets are cautious, awaiting core performance consistency Wikipedia+1Groww+1Wikipedia+6The Economic Times+6Moneycontrol+6.
Q2. Is now a good time to buy Reliance?
👉 Depends on strategy—traders may view dip as opportunity; long-term investors should monitor segment recovery, especially O2C and retail.
Q3. What’s the outlook from analysts?
👉 Most maintain Buy/Outperform stance with targets ranging ₹1,500–1,726, citing Jio, retail, and energy transition potential The Economic TimesMoneycontrol.
Q4. How is Reliance valued?
👉 Trades at ~24× P/E and ~2.4× P/B—below sector P/E, hinting at possible undervaluation if recovery unfolds Moneycontrol.
Q5. Can future Jio listing impact stock?
👉 Likely; brokerages expect renewed investor interest and valuation clarity once Jio is demerged/listed.
🧠 Final Word
Reliance’s Q1 showed strong earnings backed by Jio and retail, though core segments O2C and energy remain mixed. Market correction post these results presents a tactical entry point. If you’re aligned with its diversified growth path—especially telecom and renewables—it could be a good time to buy on weakness, keeping medium-term targets (₹1.6K–1.7K) in view.
