Reliance Industries Limited (RIL) shares saw a decline on Monday 1 September, when it slipped about 1% to ₹ 1,341.70. Earlier, Friday stock had seen a decline of 2%. This decline came after Reliance’s 48th AGM, in which the company made many big announcements. However, despite the slight fall in the market, experts believe that the company will perform better in future and its shares can go up to Rs 1700.
Brokerage trust will go above Rs 1700
Motilal oswal: Motilal Oswal says that the main engine of the growth of Jio RIL will remain. He believes that the company’s profit from 2025 to 2028 will increase at an average rate of 11% every year. Brokerage described the target of Rs 1700 per share for RIL share.
Jm financial: JM Financial has also expressed confidence in Reliance and has a target price of Rs 1700. He has specifically estimated the AI -based new company ‘Reliance Intelligence’ and the 75000 crore O2C (oil) expansion plan as prominent.
Nuvama institutional equities: Nuwama Institutional Equities have also given a target of Rs 1733 for RIL. He believes that RIL’s tremendous entry in the new energy sector can bring revolutionary changes in the company’s earnings. Brokerage estimates that by 2030, 50% of Reliance’s profit will come from environmentally friendly (Green) business.
Big announcements made in AGM
In this year’s AGM, Chairman Mukesh Ambani announced that Reliance Jio’s IPO will come in the first half of 2026. In such a situation, market analysts say that this IPO can be the largest IPO of India so far and this will benefit the shareholders.
At the same time, Isha Ambani said about the retail business that in the coming three years, Reliance Retail will grow at the rate of 20% annually. At the same time, Reliance Consumer Products has been made a separate company, which aims to get a revenue of Rs 1 lakh crore in the next 5 years.
Decline in short term, but strong growth in long term
Analysts believe that the decline after the AGM is for the short term. Actually, the company’s long term scheme is very strong. Factors such as Jio’s IPO, Retail and Consumer Products in the fast growth and New Energy and Artificial Intelligence can become a major reason for accelerating the stock in the coming times.