- By Aditya Pratap Singh
- Mon, 27 Apr 2026 12:46 PM (IST)
- Source:JND
Reliance Industries Share Price Target: The Shares of Mukesh Ambani-led Reliance Industries Limited (RIL) were trading higher on Monday after the company announced its earnings report for the fourth quarter of the last financial year (Q4 FY26). At the time of writing, RIL were trading at Rs 1,342, up Rs 14.20 or 1.07 per cent.
Meanwhile, following the earnings report, global brokerage firms, including Nomura, Morgan Stanley, Macquarie, CLSA, and Goldman Sachs,s have elevated the target price of the blue chip stock.
Nomura's Target on Reliance Industries
Global brokerage firm Nomura has set a target price of Rs 1680 for Reliance shares. However, this brokerage firm also believed that the results were weak in the fourth quarter due to the lower-than-expected performance of O2C and E&P companies.
Morgan Stanley's Target on RIL Shares
Morgan Stanley set a target price of Rs 1803 on Reliance Industries shares on the belief that the retail sector recorded better-than-expected growth in the March-25 quarter, led by quick commerce, fashion, and grocery; FMCG revenue increased 2.2 times.
CLSA Targets Reliance Industries Shares
CLSA has set a target price of Rs 1,800 on Reliance Industries shares, saying that the company's fourth-quarter PAT was 2 per cent higher than expected, but both O2C and retail performance were weaker than forecast.
Macquarie's Target on Reliance Industries
The global brokerage firm has set a target price of Rs 1570 for the blue-chip stocks. Macquarie believes the fourth quarter results were disappointing. Despite a jump in regional benchmark refined product margins, the oil-to-chemicals segment saw a quarterly decline in EBITDA as crude oil availability (sourcing, logistics, and insurance) limited production.
Goldman Sachs Targets RIL
The global brokerage firm has maintained a buy rating on Reliance Industries shares and set a target price of Rs 1,910 per share.
The brokerage firm stated that weak O2C margins led to a decline in Q4 EBITDA, and higher crude premiums and logistics costs offset the strong product crack.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.