Reliance Industries (RIL) shares rose nearly 3% in intraday trading on Tuesday, August 19, reaching an intraday high of ₹1,417. This surge aligns with the stock’s year-to-date gain of 15%, significantly outperforming the Sensex’s 4% rise. The recent momentum is driven by strategic developments in Reliance’s telecom and FMCG segments. Reliance Jio raised tariffs by discontinuing entry-level prepaid plans, aligning prices with competitors. Meanwhile, its FMCG arm, Reliance Consumer Products (RCPL), acquired a majority stake in Naturedge Beverages and partnered with Ceylon Cold Stores to bring Campa Beverages to Sri Lanka. RCPL also became the exclusive beverage partner for Hyderabad Metro.
Experts remain bullish on RIL’s long-term growth due to its strong position across digital, retail, and green energy sectors. Analysts highlight Jio’s tariff changes as a key driver for higher ARPU and sustained EBITDA growth. Technical analysts see bullish signals, with breakout confirmations and RSI trends supporting further gains. The stock is trading above key moving averages, with potential upside targets of ₹1,450–₹1,500. Brokerages like Motilal Oswal and JM Financial maintain a ‘buy’ rating, setting a target price of ₹1,700.
