Reliance Industries Share Price in Focus as Stock Rallies 3% in 2 Days, Nears Record High

Reliance Industries share price (NSE: RIL) rose further on January 1, touching a 52-week high of ₹1,592.50 on the BSE. The stock has gained 3% in the last two trading sessions and is now close to its all-time high of ₹1,608.95.

Over the past one year, RIL has outperformed the broader market, rising nearly 30%, compared with a 9% gain in the Sensex.

Strong Financial Position Supports the Rally

According to India Ratings and Research (Ind-Ra), RIL continues to enjoy strong financial flexibility. This is due to its high cash flow generation, large cash reserves, and easy access to capital markets.

Stable Outlook for O2C Business

Ind-Ra highlighted RIL’s advantage in feedstock flexibility. The company owns one of the largest ethane transportation facilities, allowing it to import ethane from North America. This supports stable operations across its refinery and petrochemical businesses.

The O2C segment is expected to perform steadily in FY26, helped by recovering refining margins and strong domestic petrochemical demand.

Jio and Retail Drive Growth

Reliance Retail, India’s largest retailer by revenue and profit, remains a key growth engine. The company aims to double retail revenue over the next 3–4 years and continues to expand across grocery, fashion, and electronics.

Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?

Risks to Watch

Upside risks include faster retail expansion, stronger benefits from tariff hikes, improved visibility in new energy businesses, and possible IPOs of Reliance Retail and Jio. On the downside, risks include weaker consumer demand, delays in tariff hikes, and pressure on refining margins.

Conclusion

Reliance Industries’ recent rally is backed by strong fundamentals, stable cash flows, and leadership across telecom, retail, and energy. With diversified businesses and future growth drivers in place, the stock remains firmly in focus for investors.

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