Risk factor
Negligible price volatility
Profitability factor
Favourable analyst view
About
Reliance Industries Limited, an Indian conglomerate founded in 1973 and based in Mumbai, operates extensively across a multitude of global sectors. The company's core operations include the energy value chain, from the exploration and production of hydrocarbons to the refining and marketing of petroleum products like liquefied petroleum gas (LPG), gasoline, jet fuel, and diesel. Complementing this, its petrochemical division manufactures a diverse array of materials, including various grades of polyethylene (PE), polyester fibers and yarns, polypropylene, and polyvinyl chloride (PVC). Beyond energy and chemicals, RIL also has a significant presence in textiles, producing and distributing yarns, fabrics, apparel, and auto furnishings. The company boasts an expansive retail footprint, which, as of March 31, 2021, comprised 12,711 stores. This network encompasses a broad range of formats, including supermarkets, hypermarkets, specialized stores for fashion, electronics, and groceries, alongside online retail platforms. Furthermore, RIL is a prominent player in the digital landscape, offering a comprehensive suite of services under its Jio brand. Its financial services arm provides non-banking financial solutions and insurance brokerage. The conglomerate also extends into media and entertainment, managing news and lifestyle portals, television channels (like Network18), magazines, and online ticketing services. Additional offerings include highway hospitality and fleet management.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is reasonably priced on P/E, of fair value on E
Target Price
The average target price of RELIANCE.NS is 1639 and suggests 28% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to