Reliance Industries Share: When Will Mukesh Ambani Stock Hit Beyond Rs 1600 Target?

nvshah0610
Jul 9
2 min read

Reliance Industries (RIL), the largest stock in India in terms of market capitalization, is expected to see an exciting period leading up to its annual general meeting (AGM), with notable improvements predicted in Q1 results for FY26. Mukesh Ambani's company is expected to hold its AGM in August or September.

Here’s the latest on when Reliance Industries (RIL) could cross the ₹1,600 mark — and potentially go beyond:

📊 Current Price & Technical Setup

As of July 9, 2025, RIL is trading between ₹1,540–₹1,550, just shy of its 52‑week high of ₹1,605.85—less than 5% below that peak .
Technical analysts highlight a breakout above ₹1,530 as a strong signal, suggesting momentum could quickly propel the stock toward ₹1,600–₹1,640 .

🧭 Key Triggers for ₹1,600+ Surge

1. Upcoming Q1 & AGM (July–Sep 2025)

Q1FY26 earnings due in July, along with Jio & Retail disclosures—key for investor sentiment and valuation clarity .
Reliance’s AGM, likely in August–September 2025, could deliver pivotal updates (FMCG spin-off, Jio IPO roadmap, battery/FMCG timelines) that may catalyze further upside .

2. Analyst Upgrades on the Table

Bernstein raised its target to ₹1,640 (~+15% upside) citing deep valuation and strong fundamentals .
JP Morgan maintains 'Overweight' with a ₹1,568 target (~10% upside) .
TipRanks data shows an average 12‑month target of ₹1,546 (range: ₹1,500–₹1,606), implying roughly 3–4% upside from current levels—and more if sentiment strengthens .

3. Macro & Market Tailwinds

A broader earnings revival in FY26 and positive market momentum position blue‑chip names like RIL to lead further gains .
Domestic optimism across telecom, retail, and energy sectors supports momentum toward a fresh high .

✅ Summary: When Could ₹1,600 Be Crossed?

Catalyst	Timeline	Likelihood
Q1FY26 results (July)	Late July	High—could trigger ₹1,600 rally
AGM revelations (Aug–Sep)	August–September	Moderate to High
Technical breakout above ₹1,530	Any time now	Already in progress

In short, if Q1 earnings and AGM discussions deliver strong retail and telecom performance—and/or share clear IPO timelines—RIL could cross ₹1,600 as early as July, with further upside into the ₹1,640+ range by late summer.