Reliance Industries Limited – Stock Update $RELIANCE

Reliance Industries Limited – Stock Update Current View: Positive with medium-term upside potential. Key Positives ✅ Reliance shares have rallied about 6% in the last three trading sessions ahead of its upcoming AGM, indicating renewed investor interest. ✅ Morgan Stanley continues to maintain an "Overweight" rating with a target price of around ₹1,803, citing improving refining margins, chemical business recovery, renewable energy expansion, and AI/data center opportunities. ✅ Reliance recently strengthened its AI and digital infrastructure ambitions through a major data center partnership with Meta Platforms in Jamnagar, which could become a long-term value driver. Concerns ⚠️ Falling crude oil prices may put short-term pressure on the Oil & Gas earnings segment. ⚠️ Q4 FY26 profit declined 12.6% YoY due to weakness in the Oil-to-Chemicals (O2C) business, although Jio and Retail remained strong. Technical View Immediate Support: ₹1,280–1,300 Strong Support: ₹1,250 Resistance: ₹1,350 Major Resistance: ₹1,400 A sustained move above ₹1,350 could trigger fresh momentum towards ₹1,450–1,500 over the medium term. Investment View Short-term: Hold with positive bias. Medium-term (6–12 months): Accumulate on dips. The combination of Jio, Retail, Renewable Energy and AI/Data Center businesses provides multiple growth triggers beyond the traditional refining business. For your research group post: 📈 Reliance Industries: Bullish Momentum Ahead of AGM RIL has gained nearly 6% in the last three sessions as investors await key AGM announcements. Strong growth prospects in Jio, Retail, Renewable Energy and AI Data Centers continue to support the long-term story. While lower crude prices may impact energy earnings in the short term, brokerages remain optimistic on earnings recovery and future value creation. Above ₹1,350, the stock may witness further momentum.