Reliance Industries share price in spotlight ahead of Q3FY26 results; brokerages upbeat

Reliance Industries share price is in focus as investors await its Q3FY26 results. The stock has seen mixed performance this year. Brokerages are mostly positive, but short-term weakness keeps traders cautious. RIL, India’s most valuable private company, operates in oil-to-chemicals, digital services (Jio), and retail.

Current Share Price Performance

• Year Start Weak: Reliance IIndustries’share price started 2026 lower.
• Stock Drop: Down ~7–8% YTD, wiping out ~₹1.4 lakh crore in market cap.
• Reasons: Concerns over crude sourcing and slower retail growth.
• Market Reaction (Jan 13): Indian markets opened higher but slid; RIL shares fell >1%.
• Investor Attention: Despite short-term weakness, RIL remains highly watched due to size and diversification.

Expectations from Q3FY26 Results

• Refining & Petrochemicals (O2C): Higher refining margins could improve profits, despite weaker upstream output.
• Digital (Jio): Expected steady subscriber growth; ARPU rises could support earnings.
• Retail: Moderate revenue and margin improvement expected, aided by festive sales and store expansion.
• Overall View: Brokerages expect consumer and refining segments to offset commodity-linked softness.

Brokerages’ Outlook and Upbeat Sentiment

• Positive Ratings: Most brokerages remain bullish on Reliance Industries’ share ahead of Q3 results.
• Goldman Sachs: Raised 12-month target, citing refining momentum and segment recovery.
• Jefferies & Kotak: Both firms maintain or upgrade their buy ratings; Jefferies sets a target around ₹1,600, while Kotak highlights solid fundamentals.
• Analyst Consensus: Double-digit upside likely if earnings and growth targets are met.
• Global Views: JPMorgan and Bernstein highlight retail and telecom strength as growth drivers.
• Takeaway: Shares could rebound if quarterly results meet or beat expectations.

Key Drivers Behind RIL’s Growth

• Digital & Jio Momentum: Rising data usage and higher ARPU are driving long-term revenue growth.
• Retail Expansion: Growing footprint in fashion and essentials; omni-channel sales ongoing.
• O2C Recovery: Strong refining margins can strengthen EBITDA.
• New Energy & Strategic Ventures: Planned projects and potential Jio Platforms spin-offs offer positive long-term growth prospects.

Market Implications and Investor Takeaways

• Short-Term: Stock under pressure; next sessions hinge on Q3 results. Strong results may trigger a relief rally; weak results could push prices down.
• Long-Term: Brokerages see a bullish case; diversified revenue streams and structural growth in digital/retail could drive outperformance.
• Investor Tip: Watch segment-wise earnings, Jio subscriber growth, and retail margins.
• Recommendation: Analysts suggest bbuyingor aaccumulatingfor long-term investors, keeping in mind short-term volatility.

 Conclusion

The Reliance Industries share price is firmly in focus as the company prepares to report Q3FY26 results. After a soft start to 2026, brokerages are still largely upbeat, citing potential rebounds in refining, telecom ARPU growth, and retail expansion.

While the short‑term outlook might be mixed, the medium‑to‑long‑term case remains constructive, according to analysts. If quarterly results deliver clarity and positive momentum, we could see renewed investor confidence in one of India’s most followed stocks.

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Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.