{"id":326177,"date":"2026-10-26T11:18:09","date_gmt":"2026-10-26T05:48:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326177"},"modified":"2026-10-26T11:18:09","modified_gmt":"2026-10-26T05:48:09","slug":"reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/","title":{"rendered":"Reliance Shares: Why Experts See RIL as an Opportunity Amid a Falling Stock Market, Explained With 3 Reasons and Target Price"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Reliance shares traded near Rs 1,195.80 around 11:08 AM on Monday, 26 Oct 2026, up 0.49% on the day but about 25.8% below the 52-week high of Rs 1,611.80. Experts quoted in the headline see the market fall as a chance for long-term investors to add RIL at a lower price. Nuvama has a Buy with a 12-month target of Rs 1,766 and Motilal Oswal has a Buy with a target of Rs 1,530, which imply gains of about 47.7% and 27.9% from here (my calculation).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Reliance shares are being called an opportunity by experts because of three reasons: the Jio Platforms listing on 28 Oct could unlock value, Nuvama expects Q2 FY27 EBITDA to rise 17% year on year led by oil-to-chemicals, and the stock is about 25.8% below its 52-week high on a balance sheet with debt to equity of 0.44. The risks are a trailing price to earnings of 18.27 against an industry level of 15.22, weak oil and gas and retail EBITDA, and a daily trend that is still down. I could not retrieve the experts&#8217; own list of three reasons, so the reasons here are drawn from verified notes and data. This is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>Reliance shares have fallen with the market. The Nifty is down about 13.56% for 2026 and fell 2.36% last week, while Reliance was down about 25.6% for the year on 9 Oct, according to Business Today. A larger fall than the index is the reason experts call it a long-term opportunity, and also the reason to check the risks.<\/p>\n<p>This article covers the three reasons, the brokerage targets, valuation, technical levels and the counter-arguments. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Reliance_Shares_Today_Where_RIL_Trades\" title=\"Reliance Shares Today: Where RIL Trades\">Reliance Shares Today: Where RIL Trades<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Reason_1_The_Jio_Platforms_Listing_Could_Unlock_Value_in_Reliance_Shares\" title=\"Reason 1: The Jio Platforms Listing Could Unlock Value in Reliance Shares\">Reason 1: The Jio Platforms Listing Could Unlock Value in Reliance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Reason_2_Earnings_Support_for_Reliance_Shares\" title=\"Reason 2: Earnings Support for Reliance Shares\">Reason 2: Earnings Support for Reliance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Reason_3_Valuation_and_Balance_Sheet_of_Reliance_Shares\" title=\"Reason 3: Valuation and Balance Sheet of Reliance Shares\">Reason 3: Valuation and Balance Sheet of Reliance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Technical_Levels_for_Reliance_Shares\" title=\"Technical Levels for Reliance Shares\">Technical Levels for Reliance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#What_Could_Go_Wrong_for_Reliance_Shares\" title=\"What Could Go Wrong for Reliance Shares\">What Could Go Wrong for Reliance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Why_do_experts_say_Reliance_shares_are_an_opportunity_now\" title=\"Why do experts say Reliance shares are an opportunity now?\">Why do experts say Reliance shares are an opportunity now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#What_is_the_RIL_target_price\" title=\"What is the RIL target price?\">What is the RIL target price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#How_does_the_Jio_Platforms_listing_affect_Reliance_shares\" title=\"How does the Jio Platforms listing affect Reliance shares?\">How does the Jio Platforms listing affect Reliance shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#What_are_the_technical_levels_for_Reliance_shares\" title=\"What are the technical levels for Reliance shares?\">What are the technical levels for Reliance shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Are_Reliance_shares_undervalued\" title=\"Are Reliance shares undervalued?\">Are Reliance shares undervalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#When_will_Reliance_announce_Q2_FY27_results\" title=\"When will Reliance announce Q2 FY27 results?\">When will Reliance announce Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Is_this_Reliance_shares_article_investment_advice\" title=\"Is this Reliance shares article investment advice?\">Is this Reliance shares article investment advice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-why-experts-see-ril-as-an-opportunity-amid-a-falling-stock-market-3-reasons-and-target-price\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Shares_Today_Where_RIL_Trades\"><\/span><strong>Reliance Shares Today: Where RIL Trades<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares: measure (NSE, about 11:08 AM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,195.80, up 0.49%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close (23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,190.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high and low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,200.90 and Rs 1,174.50<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high and low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,611.80 and Rs 1,152.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from 52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 25.8% below (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from 52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.8% above (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 16,10,372 crore<\/td>\n<\/tr>\n<\/table>\n<p>The stock hit a 52-week low of Rs 1,160.40 on 9 Oct, according to Business Today, and the data provider now shows a 52-week low of Rs 1,152.20. At Rs 1,195.80, Reliance shares sit only about 3.8% above that low, so the stock has not yet recovered much from the bottom. A long fall followed by a flat base is typical of a stock that is waiting for a trigger.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track RIL and other large caps on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reason_1_The_Jio_Platforms_Listing_Could_Unlock_Value_in_Reliance_Shares\"><\/span><strong>Reason 1: The Jio Platforms Listing Could Unlock Value in Reliance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares: Jio item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Platforms issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30,213 crore fresh issue, price band Rs 1,065 to Rs 1,119<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Allotment and listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Allotment on 26 Oct, listing on 28 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal valuation of Jio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 11.2 lakh crore, about 12.1 times FY28 estimated EV\/EBITDA<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance&#8217;s stake<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 66.48%, worth about Rs 7.45 lakh crore, or Rs 550 per RIL share, before a discount<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Holding-company discount in the target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Discount implied by the share price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18% to 36%, depending on the Reliance Retail multiple<\/td>\n<\/tr>\n<\/table>\n<p>Motilal Oswal argues that a Jio listing could clarify its valuation and drive a re-rating, because the holding-company discount that Reliance shares trade at would be visible. Its target of Rs 1,530 values Jio at about Rs 413 per RIL share after the discount, Reliance Retail at Rs 505, oil-to-chemicals and exploration at Rs 418 and new energy at Rs 174. The date of that note was not stated on the page I found, so please check the latest version of the RIL target price before you rely on it.<\/p>\n<p>Jio&#8217;s own numbers support the value case. Jio Platforms reported FY26 revenue of Rs 1,46,885.3 crore, EBITDA of Rs 76,255.4 crore and profit of Rs 30,052.7 crore in its offer documents. If the market values Jio near its issue pricing, the gap with Reliance&#8217;s share price becomes easier to see.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reason_2_Earnings_Support_for_Reliance_Shares\"><\/span><strong>Reason 2: Earnings Support for Reliance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares: Nuvama Q2 FY27 estimate (reported 9 Oct)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">EBITDA change year on year<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 17%, above the earlier estimate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Oil-to-chemicals<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 38%, helped by middle distillate crack spreads<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Digital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 16%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Oil and gas<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 1%<\/td>\n<\/tr>\n<\/table>\n<p>Nuvama Institutional Equities rates Reliance shares Buy, and its Reliance share price target is Rs 1,766 over 12 months, which is the highest RIL target price I could verify. The mix matters, because oil-to-chemicals and digital carry the growth while oil and gas and retail are soft. Q1 FY27 numbers, as summarised in a Univest preview dated 8 Sep, were revenue of Rs 3,11,850 crore and net profit of Rs 20,946 crore, with Jio&#8217;s EBITDA margin at 53.3%.<\/p>\n<p>I could not confirm the Q2 results date, so the estimate remains an estimate until the company reports. If the numbers match Nuvama&#8217;s view, Reliance shares would have an earnings reason to recover as well as a Jio reason.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reason_3_Valuation_and_Balance_Sheet_of_Reliance_Shares\"><\/span><strong>Reason 3: Valuation and Balance Sheet of Reliance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares: valuation (data provider, trailing)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18.27 against an industry level of 15.22<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.78<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.94%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 65.15<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 668.04<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.44<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.50%<\/td>\n<\/tr>\n<\/table>\n<p>Reliance shares are not lower-priced than their industry, since the price to earnings is about 1.2 times the industry level (my calculation). The case is about the fall from the high and the balance sheet, with debt to equity of 0.44, and not about a low multiple. A return on equity of 8.94% is also modest, so the argument depends on earnings growth and on the Jio value.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Reliance shares and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Levels_for_Reliance_Shares\"><\/span><strong>Technical Levels for Reliance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares: indicator (daily)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 52.3, a neutral zone<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,234.04, 3.1% above the price (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">200-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,336.21, 10.5% above the price (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell signal; upper band Rs 1,230.75, lower band Rs 1,145.73<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bollinger bands<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upper Rs 1,229.56, lower Rs 1,153.26<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MACD<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus 13.60 against a signal of minus 18.17, improving<\/td>\n<\/tr>\n<\/table>\n<p>The daily trend is still down, because the price is under both averages and under the SuperTrend upper band at Rs 1,230.75. The MACD histogram is positive at 4.57, which shows that selling pressure is easing. Support lies near Rs 1,174.50 (today&#8217;s low), Rs 1,153 and the 52-week low of Rs 1,152.20, and resistance near Rs 1,230 and Rs 1,234. These are indicator readings and not forecasts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Could_Go_Wrong_for_Reliance_Shares\"><\/span><strong>What Could Go Wrong for Reliance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Oil and gas.<\/strong> The West Asia crisis can weigh on profitability, and Nuvama expects oil and gas EBITDA to fall 6%.<\/li>\n<li><strong>Depreciation.<\/strong> Heavy capital spending can raise depreciation charges, as Business Today notes.<\/li>\n<li><strong>Retail.<\/strong> Retail EBITDA is expected to fall 1%, which would remove one growth leg.<\/li>\n<li><strong>Valuation.<\/strong> A price to earnings of 18.27 is above the industry level.<\/li>\n<li><strong>Market.<\/strong> The Fed meets on 27 and 28 Oct and Brent crude is near $115, so the market can fall further.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Experts see Reliance shares as an opportunity because of the Jio Platforms listing, Nuvama&#8217;s earnings view and a 25.8% fall from the high, with targets of Rs 1,766 from Nuvama and Rs 1,530 from Motilal Oswal. The risks are weak oil and gas and retail EBITDA, a premium valuation and a daily downtrend for Reliance shares, so any Reliance share price target or RIL target price should be rechecked. Check the facts and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_experts_say_Reliance_shares_are_an_opportunity_now\"><\/span><strong>Why do experts say Reliance shares are an opportunity now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Experts quoted in the headline argue that the market fall lets long-term investors add RIL at a lower price. Verified support includes the Jio Platforms listing on 28 Oct, Nuvama&#8217;s expectation of 17% EBITDA growth in Q2 FY27 and a fall of about 25.8% from the 52-week high. I could not retrieve their exact list of three reasons.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_RIL_target_price\"><\/span><strong>What is the RIL target price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Institutional Equities has a Buy with a 12-month target of Rs 1,766, according to Business Today on 9 Oct. Motilal Oswal has a Buy with a target of Rs 1,530. Against Rs 1,195.80, these imply gains of about 47.7% and 27.9% by my calculation. Targets change, so check the latest reports on the Reliance share price target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_the_Jio_Platforms_listing_affect_Reliance_shares\"><\/span><strong>How does the Jio Platforms listing affect Reliance shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance owns about 66.48% of Jio Platforms, according to Motilal Oswal, so a listing could show how the market values the stake and narrow the holding-company discount. Motilal Oswal applies a 25% discount in its target and says the share price implies a discount of 18% to 36%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_technical_levels_for_Reliance_shares\"><\/span><strong>What are the technical levels for Reliance shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On daily indicators, support is near Rs 1,174.50, Rs 1,153 and Rs 1,152.20, and resistance is near Rs 1,230.75 and Rs 1,234. The 14-day RSI is about 52.3 and the SuperTrend is on a sell signal. These readings are not forecasts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Reliance_shares_undervalued\"><\/span><strong>Are Reliance shares undervalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not on the headline multiple. The data provider shows a trailing price to earnings of 18.27 against an industry level of 15.22 and a return on equity of 8.94%. The argument for Reliance shares rests on the fall from the high, the Jio value and expected earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_Reliance_announce_Q2_FY27_results\"><\/span><strong>When will Reliance announce Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> I could not confirm the board meeting date. Reliance reported Q2 FY26 on 17 Oct 2025 and Q1 FY27 on 17 Jul 2026, so please check the exchange filing for the Q2 FY27 date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_Reliance_shares_article_investment_advice\"><\/span><strong>Is this Reliance shares article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational. Targets and figures come from news reports, company disclosures and data providers and may change. Please check the facts and your own risk profile before you invest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why do experts say Reliance shares are an opportunity now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Experts quoted in the headline argue that the market fall lets long-term investors add RIL at a lower price. Verified support includes the Jio Platforms listing on 28 Oct, Nuvama's expectation of 17% EBITDA growth in Q2 FY27 and a fall of about 25.8% from the 52-week high. I could not retrieve their exact list of three reasons.\"}},{\"@type\":\"Question\",\"name\":\"What is the RIL target price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Nuvama Institutional Equities has a Buy with a 12-month target of Rs 1,766, according to Business Today on 9 Oct. Motilal Oswal has a Buy with a target of Rs 1,530. Against Rs 1,195.80, these imply gains of about 47.7% and 27.9% by my calculation. Targets change, so check the latest reports on the Reliance share price target.\"}},{\"@type\":\"Question\",\"name\":\"How does the Jio Platforms listing affect Reliance shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance owns about 66.48% of Jio Platforms, according to Motilal Oswal, so a listing could show how the market values the stake and narrow the holding-company discount. Motilal Oswal applies a 25% discount in its target and says the share price implies a discount of 18% to 36%.\"}},{\"@type\":\"Question\",\"name\":\"What are the technical levels for Reliance shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On daily indicators, support is near Rs 1,174.50, Rs 1,153 and Rs 1,152.20, and resistance is near Rs 1,230.75 and Rs 1,234. The 14-day RSI is about 52.3 and the SuperTrend is on a sell signal. These readings are not forecasts.\"}},{\"@type\":\"Question\",\"name\":\"Are Reliance shares undervalued?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not on the headline multiple. The data provider shows a trailing price to earnings of 18.27 against an industry level of 15.22 and a return on equity of 8.94%. 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Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reliance shares: experts see the market fall as a chance to add RIL for the long term. 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