Can Reliance Stock Recover From Its 52-Week Low?
Reliance Industries (RIL) is back in focus as investors track its Q2 FY27 financial results following the market debut of Jio Platforms. The company’s share price is trading close to its 52-week low, raising concerns about its recent performance and future growth.However, market experts expect Reliance Industries to report around 23% year-on-year growth in net profit.
This has brought the stock back into investors’ discussions.The key question is whether strong quarterly earnings can support a recovery in the share price or whether investors should wait for more clarity.
Reliance Industries Q2 FY27 Results: What Are Experts Expecting?
Reliance Industries is scheduled to announce its September-quarter results on October 30, 2026. Before the announcement, analysts are expecting strong year-on-year growth in revenue and profitability.
| Financial Metric | Q2 FY27 Estimates |
|---|---|
| Consolidated revenue | ₹3.12–3.15 lakh crore |
| Net profit | ₹21,100–22,110 crore |
| EBITDA | ₹51,000–53,000 crore |
| Revenue growth | 23–24% YoY |
| Net profit growth | 16–20% YoY |
Some market estimates suggest that profit growth could reach approximately 23%. However, these are analyst expectations, not confirmed financial results.
The major reason behind the expected improvement is the recovery in Reliance’s Oil-to-Chemicals (O2C) business.Reliance’s refining and petrochemical operations are expected to benefit from stronger refining margins, higher refinery utilisation and favourable market conditions.Analysts expect O2C EBITDA to increase significantly compared with the same quarter last year. This segment is particularly important because it contributes a major portion of Reliance’s overall revenue.Jio Platforms is another important growth driver for Reliance Industries. Its telecom business continues to benefit from subscriber additions, broadband expansion and improvements in average revenue per user (ARPU).
The Q2 results will also give investors an opportunity to understand Jio’s financial performance around its recent stock market listing. Investors will closely monitor subscriber growth, ARPU and profitability.Reliance Retail could remain a weaker area in the quarterly results. Analysts expect moderate revenue growth, while operating margins may face pressure because of investments in digital commerce and quick-commerce operations.
This means strong performance in refining and telecom may be partly offset by weaker retail profitability.Reliance Industries Share Price Near 52-Week LowReliance Industries shares have faced considerable selling pressure in 2026.On October 30, RIL shares opened at approximately ₹1,170.40 on the NSE before declining towards ₹1,161.50. The stock’s reported 52-week low is ₹1,152.20.The share price weakness is notable despite expectations of better quarterly earnings. According to market reports, Reliance shares have also underperformed the broader Nifty 50 index this year. Concerns around retail margins, business valuations and future growth investments have affected investor sentiment.
Reliance Industries Share Price Target: What Do Experts Say?
Reliance Industries Share Price Target: What Do Experts Say?According to Mahesh M Ojha, VP – Research and Business Development at KC Securities, ₹1,145 is an important support area for Reliance shares.
He has indicated short-term targets of:
₹1,265
₹1,290
₹1,350
The analyst has also mentioned a strict stop-loss at ₹1,145.
These are individual analyst views, not guaranteed price targets. Investors should also consider the possibility of volatility following the quarterly results.
Reliance Industries has multiple business growth drivers, including telecom, retail, refining and new energy. However, a strong quarterly profit estimate alone does not make a stock attractive at every price.Before making an investment decision, investors should examine the actual Q2 results, O2C margins, Jio’s ARPU growth, retail profitability and the company’s debt position.The stock’s proximity to its 52-week low may attract investors looking for opportunities, but it does not guarantee an immediate recovery.
Disclaimer: This article is for educational and informational purposes only. Analyst estimates and share price targets are not guaranteed. This is not investment advice. Always consult a SEBI-registered financial advisor before making investmet decisions.
