(Image Source: Business Today)
Reliance Industries finished today’s trading at 1,571.80 rupees, up 0.26 percent from its opening price. While the daily gain was small, it shows the company holding steady as Indian stock markets hit record levels. Investors who have held the stock since January are seeing much better returns. Reliance has gained 27 percent this year, well ahead of the broader market’s 17 percent growth.
Recent quarterly numbers tell us why investors remain confident. In the July-September quarter, Reliance earned a net profit of 18,165 crore rupees, nearly 10 percent higher than the same period last year. The company’s operating earnings jumped over 14 percent, showing strong performance across its different businesses.
The real standout was Reliance Retail, the company’s consumer stores division. Sales in this segment grew 18 percent to 90,018 crore rupees, while profits jumped 22 percent to 3,457 crore rupees. The company opened 412 new stores during the quarter. Its quick delivery grocery app, JioMart, more than doubled its sales from last year. This shows Indian shoppers are buying more through both physical shops and online, and Reliance is winning market share in both channels.
What Comes Next
The biggest news for 2026 is the planned Initial Public Offering of Reliance Jio. This means Jio, which runs Reliance’s phone and internet services, will sell shares to the public for the first time in the first half of 2026. Jio has over 506 million customers and could become India’s largest IPO ever.
The company is also building a massive new business in renewable energy. Reliance is constructing factories in Kutch to make solar panels, batteries for storing electricity, and green hydrogen fuel. These plants are already starting operations. The company wants to produce green hydrogen at prices that compete with oil and coal by 2026.
Is This a Good Stock to Buy
Reliance is worth 21.3 lakh crore rupees, the highest valuation of any Indian company. At its current price-to-earnings ratio of 25.58, the stock is priced reasonably compared to its earnings.
For regular investors thinking long-term, Reliance looks attractive. The retail business keeps expanding into smaller towns where Indians are spending more money. The Jio IPO should create new wealth for existing shareholders. The push into clean energy and green hydrogen puts Reliance ahead as India shifts away from fossil fuels over the coming decades.
Investors should keep watching how much money the company is spending on all this expansion and any new rules that might affect its telecom business. For people who can hold their shares for three to five years or more, Reliance offers both steady returns and the chance for the stock price to rise significantly.
