Reliance Infrastructure Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- July 2, 2026
- Posted by: Chaitanya Auti
- Category: News
Reliance Infrastructure Rs 51.24 (6 Oct 2026 close). 52-week range Rs 42.56 to Rs 249.58. Q1 FY27 profit Rs 371.78 cr, up 521%; price to book 0.12.
Quick Answer
The Reliance Infrastructure share price target for 2026 is Rs 43 to Rs 60, which is between 16 percent below and 17 percent above the last close of Rs 51.24, with bull and bear cases of Rs 77 to Rs 103 and Rs 17 to Rs 34. Reliance Infrastructure reported Q1 FY27 consolidated profit of Rs 371.78 crore against Rs 59.84 crore a year ago, with EBITDA margin at 20.4 percent, but profit fell 59.5 percent from Rs 918 crore in Q4 FY26. The stock trades in a 5 percent daily price band under exchange surveillance, is down 79 percent in a year, and its PE of 0.39 times reflects one-off gains, so price to book of 0.12 is used here. 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 Infrastructure share price target for 2026 is Rs 43 to Rs 60 in the Univest base case, with the stock at Rs 51.24 at the 6 October 2026 close. That is 79.5 percent below its 52-week high of Rs 249.58 and 20.4 percent above its 52-week low of Rs 42.56, and the stock moved down 78.8 percent over the past year. Reliance Infrastructure is an Anil Ambani-led group company in engineering and construction, Mumbai power distribution, roads, metro and defence projects. Debt to equity is 0.28 and the company pays no dividend.
Three things changed since the last update: Q1 FY27 results on 14 August showed profit of Rs 371.78 crore, the stock hit lower circuits in early July after reports of an ED attachment of its Reliance Power stake, and it hit a low of Rs 42.56 in the week of 28 September. This Reliance Infrastructure stock analysis covers the Reliance Infrastructure share price today, the Reliance Infrastructure share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Reliance Infrastructure buy or sell view.
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What Is the Reliance Infrastructure Share Price Target for 2026?
The 2026 target for Reliance Infrastructure shares is Rs 43 to Rs 60 in the Univest base case, which is -16.1% to +17.1% against the last close. The bull case is Rs 77 to Rs 103 and the bear case is Rs 17 to Rs 34. 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 Infrastructure Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E Book Value | Target Multiple | Price Target (Rs) | Move vs Rs 51.24 |
|---|---|---|---|---|
| Bull Case | Rs 430 | 0.18x to 0.24x | 77 to 103 | +50.3% to +101.0% |
| Base Case | Rs 430 | 0.1x to 0.14x | 43 to 60 | -16.1% to +17.1% |
| Bear Case | Rs 430 | 0.04x to 0.08x | 17 to 34 | -66.8% to -33.6% |
Book value of Rs 430 per share in the base case compares with Rs 420.77 now. The PE of 0.39 times and EPS of Rs 129.72 are distorted by one-off gains, so the ranges use price to book instead. The stock trades at 0.12 times book, and the base case assumes a discount of 86 to 90 percent persists because of regulatory overhang and trading curbs. The PE multiple of 0.39 times reflects one-off gains and does not apply, so the table uses price to book in place of an EPS estimate, and the book value is a Univest assumption, not company guidance. Those assumptions set the Reliance Infrastructure share price target range around the current price.
Reliance Infrastructure Company Overview and Share Price Today as of 6 October 2026
Reliance Infrastructure share price today is Rs 51.24 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 2,093 crore, and the stock shows a PE of 0.39 times that reflects one-off gains, against an industry average of 23.2 times. The Univest base case Reliance Infrastructure share price target of Rs 43 to Rs 60 is -16.1% to +17.1% from here. The table below sets out the key numbers behind the Reliance Infrastructure share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RELINFRA | BSE code 500390 |
| Sector | Engineering, power distribution and defence | Per Univest sector classification |
| Last Close (NSE) | Rs 51.24 | 6 Oct 2026 close |
| 52-Week High | Rs 249.58 | CMP is 79.5% below |
| 52-Week Low | Rs 42.56 | CMP is 20.4% above |
| 1-Year Return | About -79% | Weekly close Rs 241.84 on 10 Oct 2025 to Rs 51.24 |
| Market Capitalisation | Rs 2,093 crore | Small cap infrastructure company |
| Trailing P/E | Not applicable (0.39x on one-off gains) | Industry P/E about 23.15x |
| P/B Ratio | About 0.12x | Book value Rs 420.77 per share |
| EPS (TTM) | Rs 129.72 | Trailing twelve months |
| Return on Equity | About 10.5% | Debt to equity 0.28 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 43 to Rs 60 | Univest base case |
| Bull Case | Rs 77 to Rs 103 | +50.3% to +101.0% |
| Bear Case | Rs 17 to Rs 34 | -66.8% to -33.6% |
Track live price, fundamentals and results for Reliance Infrastructure on the Univest Screener.
How Did Reliance Infrastructure Perform in Q1 FY27?
Reliance Infrastructure reported Q1 FY27 consolidated profit of Rs 371.78 crore, up 521 percent from Rs 59.84 crore, on revenue from operations of about Rs 6,344 crore. EBITDA margin rose to 20.4 percent from 3.8 percent a year ago. Together these Q1 FY27 numbers anchor the Reliance Infrastructure share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Profit | Rs 371.78 crore | Up 521% from Rs 59.84 crore |
| Revenue from Operations | About Rs 6,344 crore | Up about 18% YoY |
| EBITDA Margin | 20.4% | Against 3.8% a year ago |
| Q4 FY26 Profit | Rs 918 crore | Against Rs 4,387 crore a year earlier |
| FY26 Profit | Rs 2,900 crore | Against Rs 4,937.5 crore in FY25 |
| FY26 Income | Rs 20,862 crore | Against Rs 23,999 crore |
Quarterly profit has been swinging because earlier quarters held large one-off gains, which is why the trailing PE looks absurdly low. The stock sits in the exchanges’ Additional Surveillance Measure framework with a 5 percent price band. 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 Infrastructure share price target.
Why Is Reliance Infrastructure Share Price Down 79 Percent in a Year?
Reliance Infrastructure shares are down about 79 percent in a year and about 83 percent below the Rs 249.58 high of the week of 6 October 2025. The stock fell 18.5 percent in the week of 3 November and has moved in 5 percent daily steps since December 2025 on thin volume.
It was locked in the lower circuit at Rs 64.08 on 25 May after Q4 FY26 profit fell, and again for five sessions in early July after reports that the ED had provisionally attached its Rs 763 crore stake in Reliance Power. The shares hit Rs 42.56 in the week of 28 September and rose 16 percent the following week. The Reliance Infrastructure share price target scenarios below account for that move.
Key Catalysts for the Reliance Infrastructure Share Price Target in 2026
4 catalysts matter most for the Reliance Infrastructure share price target, and sector tailwinds in Engineering, power distribution and defence are part of the case. Together they decide whether the base case is reached.
1. Operating Margin
EBITDA margin rose to 20.4 percent in Q1 FY27 from 3.8 percent. A repeat would support profit. If it plays out, the Reliance Infrastructure share price target moves toward the top of the base range.
2. Book Value
Book value is Rs 420.77 a share against a price near Rs 51. Any easing of curbs would narrow that gap. Strength here would support the upper end of the Reliance Infrastructure share price target.
3. Defence and Infrastructure
The company has defence and infrastructure projects through SPVs. These add long-term order potential. Delivery on this point keeps the Reliance Infrastructure share price target on track.
4. Price Band Relief
The company has sought a graded price band or call auction, according to reports. Relief would help liquidity. Better news here would lift the Reliance Infrastructure share price target toward the bull case.
What Are the Key Risks to the Reliance Infrastructure Share Price Target?
The main risks are regulatory action, trading curbs, profit swings and governance concerns. Each can pull the Reliance Infrastructure share price target lower.
Regulatory Action
The ED has attached assets and is investigating group companies. These are allegations under investigation, not court findings. If it materialises, the Reliance Infrastructure share price target would slip toward the bear case.
Trading Curbs
The stock is in the Additional Surveillance Measure framework with a 5 percent band. Thin trading magnifies price moves. This is the main downside risk to the Reliance Infrastructure share price target.
Profit Swings
Profit fell from Rs 918 crore in Q4 to Rs 371.78 crore in Q1, and one-off gains distort earnings. Quarterly numbers are hard to project. A worsening here would cut the Reliance Infrastructure share price target toward the low end of the range.
Book Value Discount
The market values the stock at 12 percent of book. A bear case of Rs 430 book value at 0.04 times would put the price near Rs 17. Watch it closely, because it can pull the Reliance Infrastructure share price target lower quickly.
Reliance Infrastructure Stock Analysis: Support and Resistance Levels for the Share Price Target
Reliance Infrastructure stock analysis on weekly charts shows a range of Rs 42.56 to Rs 54 since mid-September, with the stock in the middle.
The first support level is Rs 48.80, the low of the week of 5 October. Below that, Rs 46.48 is the close of the week of 28 September and Rs 42.56 is the 52-week low.
The first resistance level is Rs 53.80, the high of the week of 5 October. Above that, Rs 54 to Rs 58.70 marks the highs of the weeks of 14 and 7 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Reliance Infrastructure share price target.
Reliance Infrastructure Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Reliance Infrastructure Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 46 and Rs 54, moving in 5 percent daily steps. A close above Rs 54 would put Rs 58 in play, while a weekly close under Rs 46 would open Rs 42.56. Regulatory news is the main trigger. This range anchors the near-term Reliance Infrastructure share price target.
12-Month and 2027 Reliance Infrastructure Share Price Target
The 12-month target price is Rs 43 to Rs 60, valued on 0.1 to 0.14 times FY28 book value of Rs 430. The range across scenarios runs from Rs 17 in the bear case to Rs 103 in the bull case.
Long-Term Reliance Infrastructure Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 44 to Rs 72. This assumes book value of Rs 440 in FY29 and Rs 450 in FY30 and a multiple of 0.1 to 0.16 times. It needs regulatory actions to ease, one-off gains to be backed by cash and the stock to move out of the surveillance price band. This is the long-term Reliance Infrastructure share price target in the Univest scenarios.
Bull Case and Bear Case for Reliance Infrastructure Share Price Target
Bull Case Rs 77 to Rs 103
The bull case of Rs 77 to Rs 103 for the Reliance Infrastructure share price target needs book value of Rs 430 and the market to pay 0.18 to 0.24 times for it. It is +50.3% to +101.0% from the last close.
Bear Case Rs 17 to Rs 34
The bear case of Rs 17 to Rs 34 for the Reliance Infrastructure share price target equals 0.04 to 0.08 times FY28 book value of Rs 430 and sits below the Rs 42.56 low. It is -66.8% to -33.6% from the last close.
Is Reliance Infrastructure a Good Buy at Rs 51.24? Reliance Infrastructure Buy or Sell View
Whether Reliance Infrastructure is a buy at Rs 51.24 depends on horizon and risk appetite. The base case sits between 16 percent below and 17 percent above the current price, the stock is 83 percent below its high, and the open question is regulatory action. The Reliance Infrastructure share price target range is the starting point for that decision.
Long-term holders may focus on regulatory updates, margin and book value, and treat Rs 42.56 as the level to watch. Short-term traders may prefer to wait for a close above Rs 54. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Reliance Infrastructure buy or sell view is educational.
How to Invest in Reliance Infrastructure Shares
Step 1: Check the live price, valuation and the latest Reliance Infrastructure 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 Infrastructure share price target.
Step 3: Search for RELINFRA on the NSE or 500390 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 17 is bearable.
Step 5: Track regulatory updates, price band changes and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Reliance Infrastructure share price target.
Conclusion
Reliance Infrastructure closed at Rs 51.24 against a Univest base case share price target of Rs 43 to Rs 60, a bull case of Rs 77 to Rs 103 and a bear case of Rs 17 to Rs 34. Q1 FY27 delivered profit of Rs 371.78 crore with EBITDA margin at 20.4 percent. The main risks are regulatory action, trading curbs and profit swings.
The stock is 79.5 percent below its 52-week high, so the base case sits between 16 percent below and 17 percent above the current price. The triggers to watch are regulatory updates, price band changes and Q2 FY27 results and the Rs 46 and Rs 54 levels. Re-check the Reliance Infrastructure 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 Infrastructure 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 Infrastructure Share Price Target 2026
What is the Reliance Infrastructure share price target for 2026?
Ans. The Reliance Infrastructure share price target for 2026 is Rs 43 to Rs 60 in the Univest base case, with a bull case of Rs 77 to Rs 103 and a bear case of Rs 17 to Rs 34. 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 Infrastructure share price target for 2027?
Ans. The Reliance Infrastructure share price target for 2027 is Rs 43 to Rs 60 in the base case, valued on 0.1 to 0.14 times FY28 book value of Rs 430. The scenario range runs from Rs 17 to Rs 103.
Is Reliance Infrastructure a good buy at Rs 51.24?
Ans. Whether Reliance Infrastructure is a good buy at Rs 51.24 depends on your horizon, risk appetite and how you read the Reliance Infrastructure share price target. The stock trades far below book value, but regulatory action, trading curbs and swinging profit make it high risk. Consult a SEBI-registered advisor before investing.
What are the key risks to the Reliance Infrastructure share price target?
Ans. The key risks to the Reliance Infrastructure share price target are regulatory action, trading curbs, profit swings and book value discount. The ED has attached assets and is investigating group companies. These are allegations under investigation, not court findings.
What are the key catalysts for the Reliance Infrastructure share price target?
Ans. The key catalysts for the Reliance Infrastructure share price target are operating margin, book value, defence and infrastructure and price band relief. EBITDA margin rose to 20.4 percent in Q1 FY27 from 3.8 percent. A repeat would support profit.
Where can I track Reliance Infrastructure share price today and Reliance Infrastructure share price target updates?
Ans. You can track the live Reliance Infrastructure share price, results and any change to the Reliance Infrastructure 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 Infrastructure’s 52-week high and low?
Ans. Reliance Infrastructure’s 52-week high is Rs 249.58 and its 52-week low is Rs 42.56, based on weekly NSE data. At Rs 51.24 the stock is 79.5 percent below the high and 20.4 percent above the low. Both levels frame the Reliance Infrastructure share price target.
How to buy Reliance Infrastructure shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RELINFRA on the NSE or 500390 on the BSE, and place a limit order near your entry price, using the Reliance Infrastructure share price target range as a guide. Size the position so a fall to Rs 17 is bearable, and check the live price on the Univest Screener first.