Sat Jan 18 05:08:35 UTC 2025: ## Reliance Industries Shares Surge After Strong Q3 2025 Results

**Mumbai, India** – Shares of Reliance Industries Ltd (RIL) experienced a significant jump on Friday morning following the release of its impressive Q3 2025 results. The stock opened at ₹1,322.25 on the NSE and quickly hit an intraday high of ₹1,326, driven by record EBITDA and PAT at a consolidated level.

Analysts attribute the rally to Reliance’s strong performance across its various segments. Reliance Retail showed particularly robust growth, fueled by festive demand and ongoing digital initiatives. The O2C (Oil-to-Chemicals) business also demonstrated resilience despite global market volatility. Jio’s performance, while slightly below estimates, contributed to the overall positive results.

Prathamesh Masdekar of StoxBox highlighted Reliance’s “exponential growth” and the strength across all its businesses. He cited record EBITDA and PAT, sustained subscriber growth in the digital services segment, and strong retail performance as key factors. While acknowledging near-term market uncertainties, Masdekar emphasized Reliance’s long-term potential.

Citigroup echoed this sentiment, upgrading its outlook on the stock and citing the rebound in Retail performance as a key driver. Their report highlighted a significant beat in Q3 expectations, particularly in Retail and O2C segments, leading them to retain their “Buy” rating with a long-term target of ₹1,530.

Sumeet Bagadia of Choice Broking recommended a “buy-on-dips” strategy, predicting a near-term target of ₹1,400 and further upside potential. Emkay Global Financial Services also upgraded its rating, citing attractive valuations and strong Q3 results. They set a target price of ₹1,570.

While analysts are bullish on Reliance’s future, they advise investors to conduct thorough research and consult with financial advisors before making any investment decisions.

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