Reliance Industries Stock Up 20% YTD Still Worth Buying at This Level ?
Introduction
Reliance Industries Limited RIL Indias largest company by market cap has been on a strong upward trajectory this year. With the stock gaining over 20% year-to-date YTD and climbing over 1% intraday recently investors are naturally asking
Should I buy more Reliance shares now or is the best already behind us ?
In this article well break down the reasons behind the rally what top brokerages are saying and whether the stock still offers solid upside from current levels.
1. What Fueling the Rally ?
RIL recent uptrend is supported by both fundamental drivers and positive sentiment from institutional investors.
Macquarie has rated the stock Outperform with a target price of ₹1500 implying a 20% upside from current levels.
Jefferies has gone even further giving a Buy call with a ₹1600 target.
Kotak Institutional Equities has also upgraded its view with a ₹1400 target.
These upgrades are based on strong recovery signals in RIL key businesses especially retail telecom Jio and energy O2C
2. What Are Analysts Expecting ?
Brokerage Rating Target Price Upside from current
Macquarie Outperform ₹1500 20% Jefferies Buy ₹1600 28%
Kotak Equities Buy ₹1400 10%
Key growth triggers
Retail expected to clock 15% growth in FY 26
Tariff hikes in Jio could boost ARPU average revenue per user
Potential Jio IPO adds further upside
Strong refining margins and better than expected Q4 earnings
3. Any Risks You Should Know?
While the sentiment is bullish there are some risks investors should be aware of
Global market volatility could cause foreign investor FII outflows
Jio IPO or tariff hikes could get delayed
Demand in the retail segment may soften in a high-inflation environment
So while the upside potential is real these headwinds could trigger shortterm pullbacks.
4. What Do the Charts Say? Technical View
According to technical analysts featured on ET NOW and Moneycontrol
RIL stock has broken out of a three-month consolidation phase
There visible strength in charts suggesting ₹1500 ₹1550 as next resistance levels
Support is currently seen around ₹1390
That makes the current level potentially a low-risk entry point for swing or positional traders with proper stop loss management.
Final Verdict: Should You Buy More Reliance Now?
If your a long-term investor this could be a strategic time to accumulate more Reliance shares. The fundamentals look solid and multiple growth drivers are aligning
✅ Jio IPO possibilities
✅ Strong retail growth outlook
✅ Margin recovery in core energy business
✅ Brokerages are bullish with 10%–30% upside targets
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