Reliance Share Price Jump 3% After AGM as Jio IPO Plans and Growth Targets Boost Investor Sentiment

Reliance Industries share price (NSE: RIL) climbed as much as 3% during trading on June 22, 2026, following several key announcements made at the company’s 49th Annual General Meeting (AGM). The stock touched an intraday high of ₹1,345.45 and was trading around ₹1,339.75 in the morning session. 

Despite the recent rally, the stock has faced pressure over the past year. RIL shares have declined about 15% in the last 6 months and 8% over the past year, underperforming the broader market. 

Mukesh Ambani Unveils Ambitious Growth Plans 

During the AGM, Chairman Mukesh Ambani outlined a vision to more than double Reliance's consolidated EBITDA over the next five years. He also confirmed that the process for listing Jio Platforms has begun, marking a major step in unlocking value for shareholders. 

The company also announced plans to expand manufacturing operations across several consumer-focused segments, including fresh produce, apparel, and consumer electronics. 

Reliance Consumer Products Targets ₹1 Trillion Revenue 

Reliance reiterated its goal of growing Reliance Consumer Products (RCPL) into one of India's leading FMCG businesses. The company aims to achieve gross revenue of ₹1 trillion from this segment by FY30. 

Management highlighted multiple growth drivers that are expected to create value in the coming years, including: 

• Strengthening the Oil-to-Chemicals (O2C) business
• Expanding the New Energy business
• Scaling Reliance Intelligence (AI)
• Growing RCPL into a major FMCG player
• Increasing exports to $125–150 billion by 2032  

About Reliance Industries 

Reliance Industries Limited is one of India's largest multinational companies, headquartered in Mumbai. The company operates across a diverse range of sectors, including energy, petrochemicals, oil and gas, retail, telecommunications, media, entertainment, and textiles, making it one of the country's most diversified business groups.  

Read more: Best Gold Stocks in June 2026 Based on 5‑Year CAGR: Sky Gold and Diamonds, Laxmi Goldorna House and More. 

Reliance Industries Share Price Movement 

As of 11:39 AM on June 22, 2026, Reliance Industries share price (NSE: RELIANCE ) was trading at ₹1,337.90 on the NSE, up 2.17% or ₹28.40 for the day. The stock opened at ₹1,316.70 and touched an intraday high of ₹1,344.90, while the day's low stood at ₹1,314.10. Reliance Industries currently has a market capitalisation of ₹18.10 lakh crore and is trading at a price-to-earnings (P/E) ratio of 22.41.  

Conclusion 

Reliance Industries received a positive response from investors after unveiling its growth roadmap at the AGM. The start of the Jio IPO process, expansion into AI and New Energy, and ambitious revenue targets for its consumer business have strengthened confidence in the company's long-term growth story.  

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