Today, February 28, 2025, Reliance Industries Shares have seen a slight decrease compared to its previous close. Reliance Industry shares opened to the market at Rs 1,202 a piece, slightly less than the previous close at Rs 1,207. Since the opening bell, the company’s share prices have declined by 0.4%. Based on these reports and current market trends, should you buy, sell, or hold your shares? Let’s see what experts say.
Reliance Industry Share Price in Today’s Market
As of 12:00 p.m. today, Reliance is selling its share at Rs.1,207 a piece, which is higher than the previous close and the opening rate. According to the estimates on Money Control, the company’s current market capitalization is Rs. 16,33,898 crores; UC Limit reports 1,327.80; and LC stands at 1,086.40.
Company Financials
Reliance Industries disclosed its third-quarter financials on January 16, 2025. As per their reported data, their digital services and retail segments have contributed significantly to the company’s overall growth. Reliance Industries recorded a gross revenue of Rs. 267,186 crores- a 7.7% increase year-over-year. Their net profits were Rs. 21,930 crore, which is 11.7% year-over-year growth. Today, the Sector P/E stands at 23.6.
Recent News about Reliance Industries
- Recently, Mukesh Ambani has announced an investment of Rs 50,000 in the coming 5 years to establish AI DataCentre, World Class Hubs, Mega Food Park, Seven Star Overoi Hotels, and Double the number of Reliance Retail Stores.
- In December 2024, Reliance Industries entered a 10-year-long agreement with Russia’s Rosneft to purchase approximately 1,300 crores worth of discounted crude oil annually.
- Earlier in February this year, the company made way for the return of fashion retailer Shein to the Indian market through a new platform, Shein India Fast Fashion.
- The company’s merger with Disney India resulted in Jio Star. This merger positions them as a dominant streaming service in the Indian entertainment market.
Reliance Industries Share Price Target
According to Trendlyne Reliance Industries, the average target is 1516. The consensus estimate suggests an upside of 25.43% from the last price of 1208.60.
Should You Buy, Sell, or Hold?
51% of experts on Money Control recommend buying the shares, while 5% suggest selling and 3% suggest holding. Trendlyne analysts’ opinions also suggest a mix of buying and holding. Before deciding as an investor, consider the trends and consult with your analyst to make your perfect move.
