Reliance Industries Share Price Today, 8 Dec 2025: RIL Outperforms Nifty on Jio IPO, AI and Green Energy Triggers

Meta description: Reliance Industries (RIL) share price today hovers near record highs as investors price in the Jio IPO, AI partnerships, data centres and a massive green energy build‑out. Here’s a deep dive into the latest news, forecasts and risks around the stock as of 8 December 2025.

Reliance Industries share price today (8 December 2025)

Reliance Industries Limited (RIL) traded around ₹1,540–1,545 per share on the NSE on 8 December 2025, with intraday levels broadly in line across major data providers. Intraday data show:

Close: about ₹1,543.5
Day’s range: roughly ₹1,539–1,551
Change vs previous close: gain of around 0.2% ^[1]

Over the past year, the 52‑week range for Reliance has been approximately ₹1,115 (low) to ₹1,581 (high), keeping the stock close to the upper end of its band. ^[2]

On current prices, RIL’s market capitalisation is around ₹20.8–20.9 lakh crore, firmly cementing its position as India’s most valuable listed company. ^[3]

Key valuation metrics as of 8 December 2025:

Trailing P/E: about 25x, close to its five‑year average and below the broader refining/energy sector multiple near 38x ^[4]
Price‑to‑book: roughly 2–3x depending on the source and methodology ^[5]
Dividend yield: around 0.4% ^[6]

Short‑term performance snapshots:

1 month: +3–4%
3 months: +11–12%
1 year: roughly 18–19% total return ^[7]

2025 scorecard: RIL finally beats the benchmarks

A major talking point on 8 December is that RIL has decisively outperformed India’s benchmark indices in calendar 2025.

According to Moneycontrol’s analysis published on 8 December 2025, RIL is up about 27% year‑to‑date in 2025, its best annual performance since 2020, versus roughly 10% gains for the Sensex and Nifty. This is the first time in three years that Reliance has beaten the frontline indices. ^[8]

The same analysis highlights that:

The rally accelerated from early October, with the stock gaining over 14% in that period.
Earnings strength is now broad‑based across energy (O2C), retail and digital (Jio), all delivering double‑digit growth.
Foreign brokerages have turned more positive as refining margins improve, consumer businesses scale, and value‑unlock catalysts line up. ^[9]

In other words: 2025 has been the year markets finally rewarded Reliance’s long‑term pivot from a pure refining and petrochemicals giant towards consumer, digital and clean‑energy platforms.

Fresh news and corporate developments driving RIL on 8 Dec 2025

1. Jio IPO: groundwork for one of India’s biggest listings

On 4 December, Reuters reported that Reliance has started work on a draft prospectus for the IPO of its digital arm, Jio Platforms. ^[10]

This comes on top of earlier AGM commentary and media reports suggesting:

Listing in the first half of 2026, with Jefferies estimating a potential valuation of around $110+ billion for Jio. ^[11]
Jio crossing roughly 500 million subscribers, with ARPU (average revenue per user) rising thanks to tariff actions and premium data bundles. ^[12]

For RIL shareholders, Jio’s IPO is widely seen as the biggest near‑term value‑unlock trigger, separating a high‑growth digital asset from the legacy energy base.

2. AI push: Meta JV, Google Gemini deal and sovereign‑scale AI infrastructure

Reliance has been in AI‑news overdrive in the last few months:

AI joint venture with Meta (Facebook Overseas)
- RIL has set up Reliance Enterprise Intelligence Limited (REIL) with Meta’s Facebook Overseas.
- The partners plan an initial investment of about ₹855 crore to build and distribute enterprise AI services in India. ^[13]
- Reliance Intelligence (a wholly owned RIL subsidiary) holds 70%, Meta’s arm 30%. ^[14]
Google Gemini partnership for Jio users
- On 30 October, Reuters reported that Google will offer 18 months of free access to its Gemini AI Pro service to all 505 million Jio users, bundled with 2 TB of cloud storage and image/video generation capabilities. ^[15]
- This is part of a broader $15 billion AI infrastructure investment in India by Google, with Jio positioned as a flagship partner. ^[16]
AI data centre in Andhra Pradesh
- Outlook Business reports that Reliance has signed an MoU with the Andhra Pradesh government to build a 1‑GW AI data centre backed by a 6‑GWp solar project, reinforcing its “AI + green energy” stack. ^[17]
NVIDIA and JioBrain ecosystem
- Management commentary and analyst notes around the Q2 FY26 results highlight Reliance’s plans for a sovereign‑scale AI cloud in partnership with NVIDIA and the rollout of JioBrain, its homegrown AI platform. ^[18]

Put together, these moves signal that Reliance is trying to be to enterprise AI what Jio was to mobile data: an infrastructure‑plus‑platform provider with scale economics and deep partnerships.

3. Green energy and the Jamnagar giga complex

On the energy transition front, Reliance continues to flesh out its massive New Energy & New Materials strategy:

RIL reiterates a goal of net‑zero carbon by 2035, backed by over ₹75,000 crore (~$10 billion) in planned new‑energy investments. ^[19]
The Dhirubhai Ambani Green Energy Giga Complex at Jamnagar spans about 5,000 acres, with gigafactories for solar PV, fuel cells, energy storage, power electronics and green hydrogen. ^[20]
Economic Times and Outlook coverage describe parallel mega‑projects in Kutch, Gujarat, including a single‑site solar buildout over ~5.5 lakh acres that could eventually meet nearly 10% of India’s electricity demand and support production of around 3 million tonnes per year of green‑hydrogen‑equivalent output by 2032. ^[21]

For the stock, the green‑energy story is less about immediate earnings and more about option value: brokerages are increasingly modelling a multi‑decade growth engine attached to what is already the world’s largest refining and petrochemicals hub.

4. Credit upgrade from S&P

In late November, S&P Global Ratings upgraded Reliance’s long‑term issuer rating to A‑ (from BBB+), with a stable outlook, citing: ^[22]

Stronger and more diversified cash flows across digital, retail and energy
Improving leverage and robust free cash generation
The company’s track record of executing large, complex projects

A higher rating lowers Reliance’s cost of debt at the margin and reinforces the market narrative that its balance sheet can handle heavy capex in new energy and digital infrastructure.

5. Q2 FY26 results: consumer businesses lead, O2C recovers

For the quarter ended September 2025 (Q2 FY26), Reliance reported double‑digit profit growth and around 10% revenue growth:

Company materials and multiple media outlets indicate consolidated profit growth of roughly 10–14% year‑on‑year and revenue growth near 10%. ^[23]
An ICIS breakdown shows oil‑to‑chemicals (O2C) earnings rising ~21% YoY on better transportation fuel cracks and improved polymer margins, even as downstream chemicals remain under pressure. ^[24]
Economic Times’ liveblog notes that consolidated EBITDA margin improved to about 18% from 16.9% YoY, while Jio and retail delivered mid‑teens growth in revenue and profit. ^[25]

Reuters pointed out that RIL missed the Street’s profit estimates, mainly because the O2C segment is still feeling the impact of weak global chemical spreads and textile demand. But the overall picture is of a company transitioning successfully towards consumer and digital earnings, while O2C normalises from a cyclical trough. ^[26]

6. Regulatory and policy developments investors are watching

Recent weeks have brought a few regulatory headlines that, while not financially large, are important for sentiment and governance:

GST penalty order:
- RIL received a ₹56.44 crore penalty order from the CGST department in Ahmedabad related to how certain input tax credits were classified as “blocked credit”.
- The company plans to appeal the order and has said the impact is not material to its operations. ^[27]
SEBI penalty on Jio‑Facebook disclosure upheld:
- The Supreme Court recently upheld a ₹30 lakh SEBI penalty on RIL and two officials for not promptly clarifying information about the 2020 Jio‑Facebook deal. ^[28]
- The amount is negligible for RIL, but the case underscores the heightened scrutiny on disclosures around marquee tech partnerships.
Russian oil imports: full exit from sanctioned barrels
- Under tightening Western sanctions, Reliance has stopped importing Russian crude for its export‑oriented Jamnagar refinery from 20 November 2025 and shifted exports to non‑Russian crude from December. ^[29]
- This reduces headline geopolitical risk but may change refining economics, depending on the availability and pricing of alternate feeds.

None of these items materially alter the investment case, but they belong on the risk radar for anyone following the stock closely.

What are analysts saying about Reliance Industries stock now?

Consensus targets: modest upside from current levels

Across major data aggregators, street consensus on RIL is broadly positive but not euphoric:

Indmoney / S&P Global consensus:
- Average target price: about ₹1,700–1,701
- Implied upside vs ~₹1,543 spot: roughly 10%
- Analyst stance: ~94% of 36 analysts rate the stock “Buy”, with very few “Sell” recommendations
- Target range: roughly ₹1,370 (bear) to ₹2,020 (bull) ^[30]

Big foreign broker calls

Recent brokerage reports echo this moderately bullish tone:

Citi
- Keeps RIL as its top pick in Indian oil & gas, maintaining a Buy rating.
- Raises target price to ₹1,805 (from ~₹1,548), implying up to ~17% upside from early‑December levels.
- Drivers: higher valuation for Jio (enterprise value lifted to about $145 billion), value recognition for Reliance Consumer Products, and multiple catalysts in digital and retail. ^[31]
Jefferies
- Reiterates Buy with a target around ₹1,785, seeing 15%‑plus potential upside.
- Notes that all three core businesses—digital, retail, and O2C—are delivering double‑digit growth, with further triggers expected in 2026 as Jio’s IPO nears and energy investments ramp up. ^[32]
JPMorgan
- Maintains an Overweight stance with a target of ₹1,727, or ~12% upside.
- Emphasises stabilising O2C margins and an improving earnings outlook into 2026. ^[33]

Broker‑screening platforms like Trendlyne show a consensus target of about ₹1,700.8 with ~10.3% upside, consistent with the S&P Global data. ^[34]

In short: the sell‑side still leans bullish, but most of the “easy money” from the 2025 rerating has already been made.

Short‑term technical view: overbought or consolidating?

On the technical side, signals are a bit mixed:

Momentum and returns
- RIL’s 1‑month return of ~3–4% and 3‑month return of ~11–12% point to a strong short‑term uptrend, but the move has been more grinding than explosive. ^[35]
Support and resistance
- Weekly technical commentary from trading desks such as EquityPandit pegs support near ₹1,510–1,515 and resistance around ₹1,570–1,575, indicating a broad trading band slightly above current prices. ^[36]
Stochastic sell signal
- Economic Times’ technical screeners flag a weekly stochastic crossover (“sell”) as of the week ending 5 December 2025, with historical data showing an average ~4.6% price decline within seven weeks of similar signals over the last decade. ^[37]
Quant/AI models
- Some AI‑driven tools and quant sites classify the near‑term trend in RIL as “bullish but not strongly directional”, consistent with a stock that is consolidating near highs rather than starting a fresh breakout. ^[38]

For short‑term traders, this adds up to elevated but fragile momentum: the path of least resistance is still up, but historical patterns warn that pullbacks of a few percent are common after such signals.

Fundamental outlook: why investors still pay 25x earnings for RIL

Even after its 2025 rally, RIL trades at a mid‑20s P/E, a clear premium to many cyclicals and even some defensive consumption names. The market is, effectively, paying for three things:

A maturing but still cash‑rich O2C engine
- Q2 FY26 results show O2C earnings up roughly 21% YoY on improved fuel cracks and polymer margins. ^[39]
- Despite global petrochemical oversupply, refining throughput remains robust and Jamnagar retains scale and complexity advantages.
High‑growth consumer and digital platforms (Jio + Retail)
- Jio continues to grow revenue and profit in the mid‑teens, with ARPU rising and broadband/home‑internet penetration still low by global standards. ^[40]
- Reliance Retail is delivering double‑digit EBITDA growth, with ongoing expansion in FMCG, fashion, electronics and quick‑commerce. ^[41]
- Together, consumer businesses contributed more than half of group EBITDA by FY25, and are expected to drive most of the incremental growth over the next 3–5 years. ^[42]
New energy and AI “optionality”
- The Jamnagar clean‑energy complex, Kutch mega‑solar project and compressed‑biogas plans position RIL as a key player in India’s energy transition, with large but long‑gestation projects aiming at 3 MMTPA of green‑hydrogen‑equivalent output by 2032. ^[43]
- The Meta JV, NVIDIA partnership, 1‑GW AI data centre plan, and Google Gemini bundling turn RIL into a hybrid of telco, cloud and AI infrastructure provider, a combination that very few firms globally can match at scale. ^[44]

Add in the S&P rating upgrade to A‑ and steadily improving free cash flow, and you get a conglomerate that markets view as structurally stronger and less risky than it was even a couple of years ago. ^[45]

Key risks that could hit the Reliance Industries share price

Despite the bullish narrative, investors on 8 December 2025 are not blind to the risks:

Execution and timeline risk on mega‑projects
- Gigantic clean‑energy projects, giga‑factories and AI data centres carry construction, technology and regulatory risks. Delays or cost overruns could dent returns and sentiment. ^[46]
Commodity and macro risk
- O2C earnings still depend heavily on global refining spreads, petrochemical cycles and crude prices. A downturn here can offset gains in consumer and digital segments, as seen in prior cycles. ^[47]
Regulatory, legal and geopolitical risk
- The GST penalty and SEBI fine are small, but they highlight the constant regulatory friction large conglomerates face. ^[48]
- The exit from Russian crude and shifting sanctions landscape can impact export profitability and crude sourcing costs. ^[49]
- Legacy disputes, such as the multi‑billion‑dollar gas‑pricing demand from the oil ministry, remain a low‑probability but high‑impact overhang. ^[50]
Valuation risk after a strong run
- With the stock up ~27% in 2025 and trading near record highs, any disappointment in Jio IPO sizing/valuation, AI monetisation or new‑energy timelines could trigger a de‑rating. ^[51]

So is Reliance Industries a buy at current levels?

From an information standpoint as of 8 December 2025, the picture looks like this:

Near‑term:
- Price is near the upper end of its 52‑week band, with mixed technical signals suggesting potential for consolidation or a modest pullback. ^[52]
Street view:
- Consensus sees roughly 10–15% upside over the next 12 months, with almost all major global and domestic brokerages on a Buy/Overweight stance. ^[53]
Fundamentals:
- Core businesses are delivering double‑digit growth, cash flows are strengthening, leverage is moderate and trending down, and the company holds unique strategic positions in telecom, retail, refining, data centres and green energy. ^[54]

That combination makes RIL look compelling for long‑term, higher‑risk investors, but less obviously cheap after the 2025 rally. Short‑term traders, meanwhile, are likely to treat it as a buy‑on‑dips, not chase‑every‑tick candidate.

None of this is personalised investment advice; anyone considering Reliance should weigh:

Their time horizon (multi‑year vs a few weeks),
Risk tolerance, and
How concentrated they’re comfortable being in a single, systemically important conglomerate.

Quick FAQs on Reliance Industries stock (as of 8 Dec 2025)

1. What is the Reliance Industries share price today?
RIL is trading around ₹1,540–1,545 per share on 8 December 2025, with a day range near ₹1,539–1,551 on the NSE. ^[55]

2. How has RIL performed in 2025 so far?
The stock is up about 27% year‑to‑date in 2025, its best year since 2020 and significantly ahead of the Sensex and Nifty, which are up around 10%. ^[56]

3. What is the analyst target price for Reliance Industries?
Consensus targets cluster around ₹1,700 per share, implying roughly 10% upside from current levels. Big foreign brokers such as Citi, Jefferies and JPMorgan see 12–17% upside with Buy/Overweight calls. ^[57]

4. What are the main catalysts for the stock in 2026?
Key watchpoints include the Jio IPO (planned for 2026), potential retail listings or restructurings, AI monetisation via the Meta and Google partnerships, and initial revenue ramp‑up from new‑energy projects and AI data centres. ^[58]