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Reliance share price trend Reliance Industries' stock has strongly outperformed the benchmark index this year. Year-to-date (YTD), RIL shares have rallied 15 per cent, far ahead of the Sensex's nearly 4 per cent gain. From a 52-week low of ₹1,115.55 on April 7, the heavyweight stock staged a sharp rebound to hit a 52-week high of ₹1,551 on July 9. However, the rally lost steam in July, with the stock slipping over 7 per cent and breaking a four-month winning streak. In August so far, RIL has regained some ground, advancing more than 1 per cent. Why is Reliance share price rising? The renewed interest in Reliance stock could be attributed to the improved growth prospects of the company's telecom and FMCG arms in light of recent business developments. Reliance Jio has decided to increase tariffs and withdraw the entry-level plan. As media reports suggested, Reliance Jio has changed its entry-level plans by discontinuing 1GB per day prepaid plans, which were priced at ₹209 for 22 days and ₹249 for 28 days. There is a 2 GB per day plan for ₹198 for 14 days. The 1.5GB per day plan for 28 days, which cost ₹249 earlier, will now cost ₹299. Meanwhile, Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries, has acquired a majority stake in a joint venture (JV) with Naturedge Beverages Private Limited. Besides, RCPL, in collaboration with Ceylon Cold Stores (manufacturer and distributor of the Elephant House brand), introduced the iconic Campa Beverages brand in Sri Lanka. Recently, RCPL said it has become the exclusive beverage partner for Hyderabad Metro. "Reliance Industries has garnered market attention, supported by significant strategic developments. The group's FMCG subsidiary, Reliance Consumer Products, announced the acquisition of a majority stake in Naturedge Beverages. This move marks Reliance's deeper play into India's rapidly growing healthy drinks segment, expanding its portfolio with wellness and herbal beverages under established brands like Shunya," Nitin Jain, Senior Research Analyst at Bonanza, noted. "Reliance Jio implemented a 20 per cent tariff hike by discontinuing entry-level prepaid plans, with the base pack now priced at ₹299 for 1.5GB per day. The adjustment aligns Jio's pricing with competitors and is expected to bolster revenue from its vast subscriber base," Jain added. Should you buy Reliance stock? Experts appear positive about the stock for the long term, largely due to the company's growth prospects in digital, retail and new energy business. According to Jain, the latest initiatives in the FMCG and telecom segments highlight Reliance Industries' aggressive diversification and its drive to capture leadership across both consumer and telecom markets. "Reliance Industries is fundamentally strong, with diverse revenue sources, solid earnings power, and clear strategic growth plans across digital, retail, media, and green energy," said Jain. Sneha Poddar, VP -Research, Wealth Management, Motilal Oswal Financial Services, underscored that RIL continues to strengthen its multi-vertical growth story, with recent developments underscoring its long-term potential. Poddar noted the change in Jio's entry-level 1GB per day plans, which is expected to drive sustained improvement in ARPU and reinforce Jio's position as the biggest growth driver with a projected 19 per cent EBITDA CAGR over FY25-28E. Poddar highlighted that Reliance Consumer Products is broadening its FMCG play, enhancing its footprint in the herbal beverage space, while the O2C segment remained subdued in FY25 and the Q1FY26 earnings were soft. Recovery is expected on the back of improvement in refining margins. "With Jio's strong momentum, a diversified FMCG push, and an eventual rebound in O2C, we maintain a positive view on RIL and believe the stock remains a compelling long-term investment opportunity. Motilal Oswal Financial Services has a target price of ₹1,700 for RIL stock," said Poddar. Brokerage firm JM Financial has a buy call on the stock with a target price of ₹1,700. "We reiterate a buy as we believe RIL has industry leading capabilities across businesses to drive robust 15-20 per cent EPS CAGR over the next three to five years, particularly driven by both consumer businesses with Jio's ARPU is expected to rise at 13 per cent CAGR over FY25-28 with ARPU being on a structural uptrend given the industry structure, future investment needs, and the need to avoid a duopoly market," said JM Financial. Technical experts positive about Reliance stock Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that Reliance Industries is showing signs of a potential rebound, currently reversing from the 38.2 per cent Fibonacci retracement level. The recent price action indicates that selling pressure has likely exhausted, as reflected by higher volumes accompanied by relatively smaller candle spreads. Patel underscored that on the hourly chart, a trendline breakout has been confirmed, supported by a bullish divergence on the RSI, further strengthening the case for upward momentum. "Given these technical signals, traders are advised to consider long positions in the ₹1,380-1,420 range, with an upside target of ₹1,485. A strict stop loss should be placed below ₹1,360 on a daily closing basis to manage risk effectively. The setup suggests a favourable risk-reward opportunity for short-term traders," said Patel. Mandar Bhojane, Senior Technical & Derivative Analyst at Choice Broking, is also positive about the stock. Bhojane pointed out that Reliance has recently shown a bullish reversal from the 200 EMA and a strong demand zone by forming a strong bullish candle. He believes that if the stock manages to sustain above the ₹1,420 level, which is also above the 50 EMA, it will confirm a strong bullish reversal with potential upside targets of ₹1,450 and ₹1,500. Immediate supports are placed at ₹1,400 and ₹1,390, which can be considered as buying-on-dips opportunities for higher targets. "The stock is trading above all key EMAs (200, 100, and 20), indicating strong bullish momentum. Additionally, RSI at 50.67 is trending upward, showing improving strength and positive momentum. Both are signalling continuation of the uptrend. For prudent risk management, a stop loss can be placed at ₹1,360. The current price is also attractive to enter for positional buying with favourable risk-reward," said Bhojane. Shitij Gandhi, Senior Research Analyst (Technicals) at SMC Global Securities, said the stock now appears poised for a fresh phase of upside momentum, with prices emerging higher after a prolonged consolidation at lower levels. "Positive divergences on secondary oscillators, coupled with constructive price action, indicate the potential for an impending upswing. On the downside, the ₹1,370-1,350 zone is expected to act as a strong support base, while the overall bias is likely to stay bullish as long as the stock sustains above this key support area," said Gandhi.