Mumbai, June 12, 2026, 19:36 IST.
- Reliance Industries ended the session at ₹1,293.00 on the NSE, adding 2.38%. The stock moved between ₹1,262.50 and ₹1,297.00 today.
- Indian stocks logged their strongest day in two months, lifted by cheaper crude and optimism over potential U.S.–Iran thaw. The rally followed those moves.
- Reliance’s annual general meeting on June 19 is the next big event for investors. The market is watching for comments on Jio Platforms, new energy, and capital spending.
Reliance Industries Limited climbed on Friday, ending the session at ₹1,293.00, up ₹30.00 or 2.38%. Volume came in at 1,19,88,785 shares, outpacing the wider Indian market as traders shifted back to large caps after a rocky week. Reliance’s market value is now about ₹17.50 lakh crore. The stock is still off its 52-week high of ₹1,611.80, and some investors are still split on whether this bounce shows a bargain or just a temporary lift.
The market got a lift from the wider backdrop. Reuters said the Nifty 50 jumped 1.99% to 23,622.90 and the BSE Sensex climbed 2.3% to 75,527.95, as Brent crude lost 4% to around $87 a barrel on hopes that a U.S.–Iran peace deal could happen. Rajesh Palviya, head of research at Axis Direct, told Reuters, “The decline in crude prices, easing geopolitical fears have helped sentiment recover.” For Reliance, weaker crude can be good for sentiment since the group is exposed to energy costs and refining, though its big oil-to-chemicals arm still leans on refining and petrochemicals margins. Reuters
Reliance grabbed attention after a new company update. The company said June 10 it would team up with Meta Platforms to set up a 168 MW data centre with AI features in Jamnagar, Gujarat. Reliance said the project should be done in two years and can be expanded. It will handle design, build, utilities, power from renewables, network, and managed services. The move pushes the group further into India’s AI infrastructure.
Investors are focused on what’s next for Reliance’s stock with oil-to-chemicals now seen as mature. Bulls say Jio, retail, AI infrastructure, and new energy could start to fetch better valuation multiples over time than refining and petrochemicals. For FY26, Reliance posted record consolidated revenue of ₹11,75,919 crore, record EBITDA of ₹2,07,911 crore, and record PAT of ₹95,610 crore. EBITDA—earnings before interest, tax, depreciation and amortization—tracks operating profit before any financing and accounting charges.
The bear argument is that headline annual figures are hiding strain in Reliance’s core energy business and valuation is still high. Reliance posted an 8.1% drop in consolidated profit after tax in the fourth quarter, down to ₹20,616 crore. Oil-to-chemicals EBITDA fell 3.7% from a year earlier to ₹14,520 crore. The stock’s price-to-earnings ratio was 21.66, according to Economic Times. Mint’s market page showed Reliance with a debt-to-equity ratio above the industry and a PEG ratio marked as overvalued.
Reliance’s 49th annual general meeting is set for June 19 and could move sentiment if Chairman Mukesh Ambani offers more detail on when Jio Platforms might list, as well as updates on new energy giga-factories or AI capital plans. At its FY26 release, Reliance quoted Ambani saying the company is “advancing steadily towards the listing of Jio Platforms.” Reliance’s notices page has AGM notices and voting info.
Reliance doesn’t look especially cheap at current levels, but seems fairly valued. The stock has come off its 52-week high enough for some buyers to step in. Consensus from Mint is mostly positive, with 16 strong-buy ratings, 12 buys, and just one sell. Reliance’s Meta data-center deal is giving it an AI-infrastructure angle too. Short-term, investors could want to see clearer evidence that Jio, retail, and new energy can cover for oil-to-chemicals swings, heavy expansion spending, and softer refining margins. If the AGM update comes in strong, the rebound may continue; if not, shares could just move sideways after Friday’s pop.
