Reliance Share Price Target 2025: Brokerages See Upside - Buy, Sell Or Hold?

Reliance Share Price Target: Reliance Industries, India’s largest conglomerate, is drawing the attention of domestic brokerages as they see a strong upside in the share price of the company on the back of strong fundamentals and a clear focus on a new clean energy business that could be worth more than $80 billion in the times to come.

“Reliance’s fully integrated 20GW solar gigafactory, set for launch in 3-4 months, will benefit from the firm’s tech lead via global partnerships. We derive a solar business value of $30bn, based on a discount to recently listed peers, yet Reliance stock is trading within 5 per cent of our rainy-day valuation (assigning zero value to the new energy business). Thus, we view the stock as offering an attractive entry point to play important catalysts in 2025. Outperform,” said CLSA in a recent brokerage note.

Reliance Share Price Target 2025

The shares of Reliance Industries were trading 1.35 per cent higher on Monday after the government decided to scrap the windfall taxes on the export of crude, petro, diesel, and Aviation Transport Fuel (ATF). The shares of the company were trading at Rs 1,309.60 apiece and on the line of this positive move, brokerages have also upped the target price of the company’s stock.

CLSA: Domestic brokerage firm CLSA sees a 30 per cent upside on the stock with the ‘Outperform’ rating, giving it a target price of Rs 1,650 apiece.

Antique Stock Broking: The Antique Stock Broking maintains a ‘Hold’ position on the stock with a target price of Rs 1,409 per equity share.

Kotak Securities: Koktak Securities maintains an ‘Add’ rating on Mukesh Ambani’s company’s share with a target price of Rs 1,405.

Reasons Behind Reliance’s Upside

According to CLSA, as part of its broader new energy initiative, Reliance plans to establish a fully integrated 20GW solar gigafactory by 2026–27, beginning with cell-to-module production this year. Leveraging its technological edge through acquisitions and joint ventures with companies like REC Solar and Caelux, Reliance aims to produce advanced HJT technology modules. The company also seeks to enhance efficiency and durability by incorporating innovations such as perovskite technology and others.