Reliance Industries Limited released its financial report for the fourth quarter of the last financial year on Friday evening. According to that report, Reliance's net profit has declined by 12.6 percent compared to a year ago. The company's share price fell by 1 percent immediately after the market opened on Monday.
However, after remaining down for quite some time, Mukesh Ambani's company's shares have returned to positive territory. In this situation, find out what advice various brokerage firms have given regarding Reliance's stock.
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At the last closing, Reliance Industries' share price was 1,327 rupees per share. On Monday, this stock opened at 1,313 rupees on the National Stock Exchange. After that, its share price had dropped to 1,311 rupees. At 10:30 AM, the company's share price stood at 1,336 rupees, up 0.66 percent from the last closing.
Brokerages remain largely bullish
Net profit declined by 12.6 percent in the last quarter of the 2026 financial year compared to the last quarter of the 2025 financial year. Between January and March this year, the company's net profit was 16,971 crore rupees. A year ago, this figure was 19,407 crore rupees. Despite the decline in net profit, the company's consolidated revenue increased by 12.9 percent to 2,98,621 crore rupees.
Despite the decline in net profit, most major brokerage firms remain optimistic about the company's shares. Some firms have advised trading with caution. For instance, Nuvama Institutional Equities has maintained a 'buy' rating on Reliance Industries' stock and set a target price of 1,765 rupees.
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Despite the decline in net profit in the last quarter of the previous financial year, brokerage firm Motilal Oswal has also maintained a 'buy' rating on this stock. However, it has reduced the target price from 1,715 rupees to 1,655 rupees.
Elara Capital has continued the 'buy' rating but reduced the target price. It has given a new target price of 1,619 rupees.International brokerage firm Goldman Sachs has also maintained a 'buy' rating on Reliance's stock. Along with that, it has made no changes to the target price. This firm has given a target price of 1,910 rupees.
Morgan Stanley has maintained an 'overweight' rating on this stock. And it has made no changes to the target price. This firm has given a target price of 1,803 rupees for Reliance's stock.
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