Reliance Industries shares jump over 3.5%: What is making the stock attractive?

RIL shares were the biggest contributing stock on the National Stock Exchange (NSE) during the afternoon session. At 2:40 PM, the script was trading at ₹1,252.95 apiece, surging 3.58%.

Global brokerage firm Macquarie Research on Friday shared a bullish outlook for the company, which made market investors more confident about the stock.

“We expect better incremental earnings momentum and potential spin-off events to support RIL's share price,” the brokerage said in a note.

Macquarie has revised its outlook amid RIL’s management reaffirming its growth narrative, its stake sale proceeds used to pay down group debt and capex creditors. It also sees Reliance’s Jio to see mild subscriber growth, ARPU uplift and EBITDA margin expansion.

For the retail arm, the brokerage said, “While visibility is low, company commentary suggests a turnaround from the low single-digit core segmental revenue growth in FY25 to 15%+. We don’t see a further margin expansion as we build a higher revenue share in the lower-margin grocery segment.

Another global investment bank and financial services company, Jefferies, on Thursday had said that RIL's underperformance compared to the benchmark NIFTY50 index is due to a slowdown in retail and subdued earnings in the O2C business.

Shares of Reliance Industries have lost 22% from their 52-week high, touched on July 8, 2024. It has touched its 52-week low of ₹1,156 recently, on March 3, 2025.

However, in the last five trading sessions, RIL shares have advanced by 5.8%. It has lost 12.42% in the last six months, from September 9, 2024.

Mukesh Ambani-led firm’s market capitalisation stands at ₹16.95 lakh crore.

Over a year period, shares of the firm have declined 15.38% to date.

RIL reported a 7.4% rise in its December quarter (Q3 FY25) net profit as the retail business rebounded, telecom earnings surged on higher tariffs, and the mainstay oil and petrochemicals business delivered consistent performance.

Its consolidated net profit came in at ₹18,540 crore, or ₹13.70 per share, in October-December—the third quarter of the April 2024 to March 2025 fiscal (FY25)—compared to ₹17,265 crore, or ₹12.76 a share, logged in the same period a year back, according to a company statement.

Profit was also up sequentially from ₹16,563 crore in the July-September quarter.

The profit before tax (EBITDA) rose 7.8% to ₹48,003 crore. This was despite an almost 7% rise in finance costs due to higher debt (₹3.5 lakh crore as of December 31, 2024, compared to ₹3.36 lakh crore in September and ₹3.11 lakh crore in December 2023).