Overview
Reliance Industries Limited, headquartered in Mumbai, India, is a diversified conglomerate with significant interests across petrochemicals, refining, oil, telecommunications, and retail sectors. The company is India’s largest private sector entity and plays a pivotal role in the nation's energy sector, operating the world's largest refining complex at Jamnagar. Reliance has also made substantial investments in new energy initiatives, including a commitment to renewable energy projects, and has recently expanded its digital services wing with the launch of Jio, a high-speed telecommunications network which rapidly became a market leader in India. Additionally, Reliance Industries is involved in significant retail ventures, operating supermarkets and digital commerce platforms, further solidifying its presence in consumer services.
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Basic Stats
The Factor Analysis chart (below right) shows a view of Reliance, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 63.60 MM |
| Earnings Date | |
| EPS (TTM) | |
| Dividend Yield | |
| Ex-Dividend Date | 2025-08-15 |
| Borrow Rate | |
| Short Shares Avail. | 0.00 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.10 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | |
| ROE | 0.00 |
| ROIC | |
| CROIC | |
| OCROIC | |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 1.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Reliance, Inc. is MX$226.19. The forecasts range from a low of MX$209.07 to a high of MX$253.05. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
| Record Date | Projection Date | High | Low | Median | Average |
|---|---|---|---|---|---|
| 2023-03-31 | 2024-03-31 | 253.05 | 209.07 | 222.36 | 226.19 |
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Reliance, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2024-07-03 | Keybanc | Overweight | Overweight | Maintains |
| 2024-06-26 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-04-26 | BMO Capital | Outperform | Outperform | Maintains |
| 2024-04-11 | Citigroup | Buy | Neutral | Downgrade |
| 2024-02-20 | BMO Capital | Outperform | Outperform | Maintains |
| 2024-02-16 | Keybanc | Overweight | Overweight | Maintains |
| 2023-10-27 | Keybanc | Overweight | Overweight | Maintains |
| 2023-10-17 | Keybanc | Overweight | Overweight | Maintains |
| 2023-07-17 | Keybanc | Overweight | Overweight | Maintains |
| 2023-04-28 | Wolfe Research | Outperform | Peer Perform | Downgrade |
| 2023-04-28 | Keybanc | Overweight | Maintains | |
| 2023-03-13 | Goldman Sachs | Neutral | Maintains | |
| 2023-03-10 | Goldman Sachs | Neutral | Maintains | |
| 2023-02-21 | Goldman Sachs | Neutral | Maintains | |
| 2023-02-17 | Citigroup | Buy | Maintains | |
| 2023-02-17 | Goldman Sachs | Neutral | Maintains | |
| 2023-02-17 | Keybanc | Overweight | Maintains | |
| 2023-01-25 | Keybanc | Overweight | Maintains | |
| 2022-11-22 | Keybanc | Overweight | Maintains | |
| 2022-10-28 | Keybanc | Overweight | Maintains | |
| 2022-10-06 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2022-08-15 | BMO Capital | Outperform | Initiate | |
| 2022-07-19 | Keybanc | Overweight | Maintains | |
| 2022-04-29 | Citigroup | Buy | Maintains | |
| 2022-04-29 | Wolfe Research | Peer Perform | Outperform | Upgrade |
| 2022-04-20 | Keybanc | Overweight | Maintains | |
| 2022-02-22 | Keybanc | Overweight | Maintains | |
| 2022-01-28 | Wolfe Research | Underperform | Peer Perform | Upgrade |
| 2022-01-19 | Keybanc | Overweight | Maintains | |
| 2021-11-23 | Keybanc | Overweight | Maintains | |
| 2021-11-17 | Wolfe Research | Underperform | Initiate | |
| 2021-11-04 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2021-10-14 | Keybanc | Sector Weight | Overweight | Upgrade |
| 2021-10-06 | Goldman Sachs | Neutral | Maintains | |
| 2021-09-15 | Deutsche Bank | Hold | Maintains | |
| 2021-08-24 | Seaport Global | Buy | Initiate | |
| 2021-07-26 | Citigroup | Neutral | Buy | Upgrade |
| 2021-07-01 | Deutsche Bank | Hold | Maintains | |
| 2021-06-16 | JP Morgan | Overweight | Initiate | |
| 2021-04-23 | Deutsche Bank | Hold | Maintains | |
| 2021-04-09 | Goldman Sachs | Neutral | Initiate | |
| 2021-01-08 | Deutsche bank | Buy | Hold | Downgrade |
| 2020-08-04 | Deutsche Bank | Hold | Buy | Upgrade |
| 2020-05-13 | KeyBanc | Overweight | Sector Weight | Downgrade |
| 2020-04-24 | Citigroup | Neutral | Maintains | |
| 2020-04-17 | JP Morgan | Neutral | Maintains | |
| 2020-03-30 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2020-03-24 | KeyBanc | Overweight | Maintains | |
| 2020-02-21 | KeyBanc | Overweight | Maintains | |
| 2020-01-21 | Cowen & Co. | Outperform | Market Perform | Downgrade |
| 2019-11-13 | KeyBanc | Overweight | Maintains | |
| 2019-10-30 | Deutsche Bank | Buy | Hold | Downgrade |
| 2019-09-06 | KeyBanc | Overweight | Maintains | |
| 2019-09-06 | Longbow Research | Underperform | Neutral | Upgrade |
| 2019-08-27 | KeyBanc | Overweight | Maintains | |
| 2019-07-26 | KeyBanc | Overweight | Maintains | |
| 2019-05-30 | Deutsche Bank | Hold | Buy | Upgrade |
| 2019-04-26 | Jefferies | Buy | Hold | Downgrade |
| 2019-04-18 | Longbow Research | Neutral | Underperform | Downgrade |
| 2019-01-09 | Cowen & Co. | Outperform | Initiate | |
| 2018-12-13 | Bank of America | Underperform | Neutral | Upgrade |
| 2018-10-22 | Longbow Research | Buy | Neutral | Downgrade |
| 2018-10-02 | Deutsche Bank | Buy | Hold | Downgrade |
| 2018-09-17 | Citigroup | Neutral | Initiate | |
| 2018-09-10 | KeyBanc | Overweight | Overweight | Maintains |
| 2018-09-07 | Bank of America | Buy | Underperform | Downgrade |
| 2018-07-27 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-07-10 | Jefferies | Hold | Buy | Upgrade |
| 2018-06-14 | KeyBanc | Overweight | Overweight | Maintains |
| 2018-03-29 | Deutsche Bank | Buy | Buy | Maintains |
| 2018-03-20 | Goldman Sachs | Neutral | Initiate | |
| 2018-02-16 | KeyBanc | Overweight | Overweight | Maintains |
| 2018-02-07 | Longbow Research | Neutral | Buy | Upgrade |
| 2017-09-07 | Macquarie | Outperform | Initiate | |
| 2017-09-05 | Bank of America | Buy | Maintains | |
| 2017-05-23 | Bank of America | Neutral | Buy | Upgrade |
| 2017-04-19 | Longbow Research | Neutral | Initiate | |
| 2017-03-14 | Macquarie | Neutral | Outperform | Upgrade |
| 2017-01-09 | KeyBanc | Sector Weight | Overweight | Upgrade |
| 2016-12-05 | Deutsche Bank | Buy | Maintains | |
| 2016-11-29 | Macquarie | Outperform | Neutral | Downgrade |
| 2016-11-09 | Deutsche Bank | Hold | Buy | Upgrade |
| 2016-10-18 | Clarksons Platou | Neutral | Buy | Upgrade |
| 2016-07-28 | Bank of America | Underperform | Neutral | Upgrade |
| 2016-06-10 | Jefferies | Hold | Maintains | |
| 2016-04-28 | Rosenblatt | Sell | Neutral | Upgrade |
| 2016-04-22 | Macquarie | Outperform | Maintains | |
| 2016-04-22 | CLSA | Buy | Underperform | Downgrade |
| 2016-04-19 | Bank of America | Neutral | Underperform | Downgrade |
| 2016-03-23 | Deutsche Bank | Buy | Hold | Downgrade |
| 2016-03-21 | Jefferies | Buy | Hold | Downgrade |
| 2016-02-19 | Bank of America | Buy | Neutral | Downgrade |
| 2016-01-13 | Jefferies | Buy | Maintains | |
| 2015-10-20 | Deutsche Bank | Buy | Initiate | |
| 2015-09-16 | Jefferies | Buy | Maintains | |
| 2015-06-15 | Jefferies | Buy | Maintains | |
| 2015-04-14 | Clarksons Platou | Hold | Initiate | |
| 2015-04-14 | KeyBanc | Overweight | Sector Weight | Downgrade |
| 2015-03-31 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2015-03-16 | Jefferies | Buy | Maintains | |
| 2015-02-20 | Jefferies | Buy | Maintains | |
| 2015-02-20 | KeyBanc | Hold | Buy | Upgrade |
| 2015-02-20 | JP Morgan | Neutral | Maintains | |
| 2014-10-17 | Topeka | Hold | Buy | Upgrade |
| 2014-06-23 | Jefferies | Hold | Maintains | |
| 2014-02-11 | Bank of America | Neutral | Buy | Upgrade |
| 2013-11-04 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2013-10-25 | Davenport | Buy | Neutral | Downgrade |
| 2013-10-22 | UBS | Buy | Neutral | Downgrade |
| 2013-09-25 | Bank of America | Buy | Neutral | Downgrade |
| 2013-06-11 | Topeka | Hold | Initiate | |
| 2013-03-21 | Wells Fargo | Outperform | Initiate | |
| 2013-02-22 | Jefferies | Hold | Maintains | |
| 2013-01-14 | KeyBanc | Buy | Hold | Downgrade |
| 2012-10-11 | UBS | Buy | Maintains | |
| 2012-09-18 | Jefferies | Buy | Hold | Downgrade |
| 2012-09-17 | JP Morgan | Overweight | Neutral | Downgrade |
| 2012-08-23 | UBS | Buy | Initiate | |
| 2012-07-10 | Longbow Research | Buy | Initiate | |
| 2012-04-16 | Bank oferica | Buy | Maintains | |
| 2024-07-26 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| 2025-08-14 | Wells Fargo | Equal-Weight | Initiate | |
| 2024-12-02 | Goldman Sachs | Neutral | Initiate | |
| 2024-10-25 | BMO Capital | Outperform | Outperform | Maintains |
| 2024-10-14 | Keybanc | Overweight | Overweight | Maintains |
| 2025-02-24 | Keybanc | Overweight | Overweight | Maintains |
| 2025-01-22 | Keybanc | Overweight | Overweight | Maintains |
