Reliance Communications Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- July 2, 2026
- Posted by: Lakshit Sharma
- Category: News
Reliance Communications Rs 0.86 (6 Oct 2026 close). 52-week range Rs 0.75 to Rs 1.51. Q1 FY27 consolidated loss Rs 809 cr; net worth negative Rs 1,04,759 cr; under insolvency since 2019.
Quick Answer
The Reliance Communications share price target for 2026 is Rs 0.7 to Rs 1, which is between 19 percent below and 16 percent above the last close of Rs 0.86, with bull and bear cases of Rs 1.3 to Rs 1.8 and Rs 0 to Rs 0.4. Reliance Communications has been in corporate insolvency since June 2019 and reported a Q1 FY27 consolidated loss of Rs 809 crore on sales of Rs 74 crore, with consolidated net worth negative at Rs 1,04,759 crore. The Supreme Court held on 13 February 2026 that spectrum cannot be sold under the insolvency code, the CBI filed a chargesheet on 3 October 2026 naming the company and others, and equity holders in insolvency typically receive little or nothing unless a plan provides otherwise. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Reliance Communications share price target for 2026 is Rs 0.7 to Rs 1 in the Univest base case, with the stock at Rs 0.86 at the 6 October 2026 close. That is 43.0 percent below its 52-week high of Rs 1.51 and 14.7 percent above its 52-week low of Rs 0.75, and the stock moved down 39.4 percent over the past year. Reliance Communications is a former telecom operator that has been under corporate insolvency resolution since June 2019, with a resolution professional running its affairs. The stock still trades on the NSE and BSE at under Rs 1.
Three things changed since the last update: Q1 FY27 results on 13 August showed a loss of Rs 809 crore, the Supreme Court dismissed review petitions on 28 July in an order uploaded on 8 September, and the CBI filed a chargesheet on 3 October. This Reliance Communications stock analysis covers the Reliance Communications share price today, the Reliance Communications share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Reliance Communications buy or sell view.
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What Is the Reliance Communications Share Price Target for 2026?
The 2026 target for Reliance Communications shares is Rs 0.7 to Rs 1 in the Univest base case, which is -18.6% to +16.3% against the last close. The bull case is Rs 1.3 to Rs 1.8 and the bear case is Rs 0 to Rs 0.4. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Reliance Communications Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | Reference Price Scenario | Target Multiple | Price Target (Rs) | Move vs Rs 0.86 |
|---|---|---|---|---|
| Bull Case | Rs 1 | 1.3x to 1.8x | 1.3 to 1.8 | +51.2% to +109.3% |
| Base Case | Rs 1 | 0.7x to 1x | 0.7 to 1 | -18.6% to +16.3% |
| Bear Case | Rs 1 | 0x to 0.4x | 0 to 0.4 | -100.0% to -53.5% |
Reliance Communications has no earnings and negative book value, so a PE or price to book valuation does not apply. The ranges below are outcome scenarios expressed as multiples of a Rs 1 reference price: a bear case where equity is largely wiped out, a base case where the stock stays near its current range, and a bull case where a resolution plan leaves some value for equity. They are not valuations and not predictions. The PE multiple does not apply because earnings are negative and net worth is negative, so the table expresses outcome scenarios as multiples of a Rs 1 reference price in place of an EPS estimate, and these are Univest assumptions, not company guidance. Those assumptions set the Reliance Communications share price target range around the current price.
Reliance Communications Company Overview and Share Price Today as of 6 October 2026
Reliance Communications share price today is Rs 0.86 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 238 crore, and the stock has no PE because earnings and net worth are negative, against an industry average of 35.3 times. The Univest base case Reliance Communications share price target of Rs 0.7 to Rs 1 is -18.6% to +16.3% from here. The table below sets out the key numbers behind the Reliance Communications share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RCOM | BSE code 532712 |
| Sector | Telecom (under insolvency) | Per Univest sector classification |
| Last Close (NSE) | Rs 0.86 | 6 Oct 2026 close |
| 52-Week High | Rs 1.51 | CMP is 43.0% below |
| 52-Week Low | Rs 0.75 | CMP is 14.7% above |
| 1-Year Return | About -39% | Weekly close Rs 1.42 on 10 Oct 2025 to Rs 0.86 |
| Market Capitalisation | Rs 238 crore | Micro cap, under insolvency |
| Trailing P/E | Not applicable (loss) | Industry P/E about 35.27x |
| P/B Ratio | Not applicable (negative net worth) | Book value Rs -370.87 per share |
| EPS (TTM) | Rs -33.90 | Trailing twelve months |
| Return on Equity | Not applicable | Debt to equity -0.46 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 0.7 to Rs 1 | Univest base case |
| Bull Case | Rs 1.3 to Rs 1.8 | +51.2% to +109.3% |
| Bear Case | Rs 0 to Rs 0.4 | -100.0% to -53.5% |
Track live price, fundamentals and results for Reliance Communications on the Univest Screener.
How Did Reliance Communications Perform in Q1 FY27?
Reliance Communications reported a Q1 FY27 consolidated loss attributable to equity holders of Rs 809 crore against Rs 2,560 crore a year ago, on consolidated sales of Rs 74 crore, down 10.8 percent. The results were approved by the resolution professional. Together these Q1 FY27 numbers anchor the Reliance Communications share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Loss | Rs 809 crore | Against Rs 2,560 crore a year ago |
| Consolidated Sales | Rs 74 crore | Down 10.8% from Rs 83 crore |
| Standalone Revenue | Rs 56 crore | Unchanged QoQ |
| Standalone Loss | Rs 663 crore | Against Rs 2,217 crore a year ago |
| Consolidated Net Worth | Negative Rs 1,04,759 crore | At 30 June 2026 |
| Unprovided Interest | Rs 1,186 crore | Rs 41,153 crore cumulative |
The auditors flagged that key telecom assets are still valued at 2018 levels. The resolution professional started proceedings under Section 66(1) of the insolvency code over alleged fraudulent trading, and resolution plans for the company and its subsidiary Reliance Telecom await approval before the NCLT Mumbai bench. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Reliance Communications share price target.
Why Is Reliance Communications Share Price Down 44 Percent From Its High?
Reliance Communications shares are about 44 percent below the Rs 1.51 high of the week of 6 October 2025. The stock fell 15 percent in the week of 23 February 2026 on 3.4 crore shares and hit Rs 0.75 in the week of 2 March, and it has stayed under Rs 1.10 since.
It jumped 25 percent in the week of 7 September to Rs 1.01 and touched Rs 1.09 the next week on volume of 2.5 crore shares, but no company announcement explained the move, and it faded to Rs 0.86. Legal setbacks include the Supreme Court spectrum ruling of 13 February and the dismissal of review petitions. The Reliance Communications share price target scenarios below account for that move.
Key Catalysts for the Reliance Communications Share Price Target in 2026
4 catalysts matter most for the Reliance Communications share price target, and sector tailwinds in Telecom (under insolvency) are part of the case. Together they decide whether the base case is reached.
1. Resolution Plans
Resolution plans for the company and Reliance Telecom await NCLT approval. A plan that leaves value for equity would be the main upside trigger. If it plays out, the Reliance Communications share price target moves toward the top of the base range.
2. Asset Monetisation
The company holds spectrum, towers and fibre, although the Supreme Court ruled spectrum cannot be sold under the code. Other assets could still raise cash. Strength here would support the upper end of the Reliance Communications share price target.
3. Legal Clarity
A clear NCLT order would end years of uncertainty. Equity holders would then know their position. Delivery on this point keeps the Reliance Communications share price target on track.
4. Trading Interest
Volumes of 3 to 6 crore shares a day keep the stock liquid. Price spikes come from speculative demand. Better news here would lift the Reliance Communications share price target toward the bull case.
What Are the Key Risks to the Reliance Communications Share Price Target?
The main risks are loss of equity value in insolvency, negative net worth, legal setbacks and investigations. Each can pull the Reliance Communications share price target lower.
Equity Wipe-Out
In insolvency, equity holders typically receive little or nothing unless a plan provides otherwise. Net worth is negative Rs 1,04,759 crore. If it materialises, the Reliance Communications share price target would slip toward the bear case.
Unprovided Interest
Unprovided interest stands at Rs 41,153 crore cumulatively, so reported losses understate the true burden. This is the main downside risk to the Reliance Communications share price target.
Legal Setbacks
The Supreme Court held that spectrum cannot be sold under the code and dismissed review petitions. Plans that relied on spectrum value face a tighter limit. A worsening here would cut the Reliance Communications share price target toward the low end of the range.
Investigations
The CBI filed a chargesheet on 3 October 2026 naming the company and others, and the ED and banks have parallel actions. These are allegations under investigation, not court findings. Watch it closely, because it can pull the Reliance Communications share price target lower quickly.
Reliance Communications Stock Analysis: Support and Resistance Levels for the Share Price Target
Reliance Communications stock analysis on weekly charts shows a range of Rs 0.83 to Rs 1.09 since mid-September, with the stock near the lower end.
The first support level is Rs 0.83 to Rs 0.85, the lows of the weeks of 28 September and 5 October. Below that, Rs 0.78 to Rs 0.80 marks the lows of August and Rs 0.75 is the 52-week low.
The first resistance level is Rs 0.87 to Rs 0.94, the highs of the weeks of 5 and 28 September. Above that, Rs 0.97 is the high of the week of 21 September and Rs 1.01 to Rs 1.09 marks the highs of the weeks of 7 and 14 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Reliance Communications share price target.
Reliance Communications Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Reliance Communications Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 0.83 and Rs 0.94. A close above Rs 0.94 would put Rs 1 in play, while a weekly close under Rs 0.83 would open Rs 0.75. The NCLT decision on resolution plans is the main trigger. This range anchors the near-term Reliance Communications share price target.
12-Month and 2027 Reliance Communications Share Price Target
The 12-month target price is Rs 0.7 to Rs 1, valued on 0.7 to 1 times FY28 reference price of Rs 1. The range across scenarios runs from Rs 0 in the bear case to Rs 1.8 in the bull case.
Long-Term Reliance Communications Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 0 to Rs 2. This assumes reference price of Rs 1 in FY29 and Rs 1 in FY30 and a multiple of 0 to 2 times. It needs a resolution plan that leaves value for equity holders, which is not assured in insolvency. This is the long-term Reliance Communications share price target in the Univest scenarios.
Bull Case and Bear Case for Reliance Communications Share Price Target
Bull Case Rs 1.3 to Rs 1.8
The bull case of Rs 1.3 to Rs 1.8 for the Reliance Communications share price target needs reference price of Rs 1 and the market to pay 1.3 to 1.8 times for it. It is +51.2% to +109.3% from the last close.
Bear Case Rs 0 to Rs 0.4
The bear case of Rs 0 to Rs 0.4 for the Reliance Communications share price target equals 0 to 0.4 times FY28 reference price of Rs 1 and sits below the Rs 0.75 low. It is -100.0% to -53.5% from the last close.
Is Reliance Communications a Good Buy at Rs 0.86? Reliance Communications Buy or Sell View
Whether Reliance Communications is a buy at Rs 0.86 depends on horizon and risk appetite. The base case sits between 19 percent below and 16 percent above the current price, the stock has no earnings or book value support, and the only open question is what a resolution plan leaves for equity. The Reliance Communications share price target range is the starting point for that decision.
Anyone holding the stock may focus on the NCLT decision and treat Rs 0.75 as the level to watch. The stock is a speculative, extreme-risk instrument and not a conventional investment. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Reliance Communications buy or sell view is educational.
How to Invest in Reliance Communications Shares
Step 1: Check the live price, valuation and the latest Reliance Communications share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Reliance Communications share price target.
Step 3: Search for RCOM on the NSE or 532712 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 0 is bearable.
Step 5: Track NCLT decisions, resolution plans and legal updates and set price alerts on the Univest App to follow any change in the Reliance Communications share price target.
Conclusion
Reliance Communications closed at Rs 0.86 against a Univest base case share price target of Rs 0.7 to Rs 1, a bull case of Rs 1.3 to Rs 1.8 and a bear case of Rs 0 to Rs 0.4. Q1 FY27 showed a loss of Rs 809 crore on sales of Rs 74 crore with net worth negative at Rs 1,04,759 crore. The main risks are equity wipe-out, legal setbacks and investigations.
The stock is 43.0 percent below its 52-week high, so the base case sits between 19 percent below and 16 percent above the current price. The triggers to watch are NCLT decisions, resolution plans and legal updates and the Rs 0.83 and Rs 0.94 levels. Re-check the Reliance Communications share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Reliance Communications live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Reliance Communications Share Price Target 2026
What is the Reliance Communications share price target for 2026?
Ans. The Reliance Communications share price target for 2026 is Rs 0.7 to Rs 1 in the Univest base case, with a bull case of Rs 1.3 to Rs 1.8 and a bear case of Rs 0 to Rs 0.4. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Reliance Communications share price target for 2027?
Ans. The Reliance Communications share price target for 2027 is Rs 0.7 to Rs 1 in the base case, valued on 0.7 to 1 times FY28 reference price of Rs 1. The scenario range runs from Rs 0 to Rs 1.8.
Is Reliance Communications a good buy at Rs 0.86?
Ans. Whether Reliance Communications is a good buy at Rs 0.86 depends on your horizon, risk appetite and how you read the Reliance Communications share price target. There is no earnings or book value support, net worth is deeply negative and the insolvency is unresolved, so the stock is extreme risk. Consult a SEBI-registered advisor before investing.
What are the key risks to the Reliance Communications share price target?
Ans. The key risks to the Reliance Communications share price target are equity wipe-out, unprovided interest, legal setbacks and investigations. In insolvency, equity holders typically receive little or nothing unless a plan provides otherwise. Net worth is negative Rs 1,04,759 crore.
What are the key catalysts for the Reliance Communications share price target?
Ans. The key catalysts for the Reliance Communications share price target are resolution plans, asset monetisation, legal clarity and trading interest. Resolution plans for the company and Reliance Telecom await NCLT approval. A plan that leaves value for equity would be the main upside trigger.
Where can I track Reliance Communications share price today and Reliance Communications share price target updates?
Ans. You can track the live Reliance Communications share price, results and any change to the Reliance Communications share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Reliance Communications’s 52-week high and low?
Ans. Reliance Communications’s 52-week high is Rs 1.51 and its 52-week low is Rs 0.75, based on weekly NSE data. At Rs 0.86 the stock is 43.0 percent below the high and 14.7 percent above the low. Both levels frame the Reliance Communications share price target.
How to buy Reliance Communications shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RCOM on the NSE or 532712 on the BSE, and place a limit order near your entry price, using the Reliance Communications share price target range as a guide. Size the position so a fall to Rs 0 is bearable, and check the live price on the Univest Screener first.