Mumbai, 5 March 2026 (Nifty Share Price News Desk) – Shares of Reliance Industries Limited (RIL) jumped significantly today, Thursday, 5 March 2026. Investor confidence seems to have grown on expectations that the refinery business will benefit from rising crude oil prices amid the backdrop of the Iran war. The share rose 3% on NSE and BSE, with the current price at ₹1,386.05. This is ₹40.50 (3.01%) higher than the previous closing price. After last month’s decline, this rise is reassuring for investors, considering there had been an 8% drop so far in 2026.
Reliance’s shares are among the biggest companies in India, active in oil-gas, retail, digital and new energy sectors. After today’s dip (previous close ₹1,345.55), the shares are seeing some gains, linked to the rise in crude oil prices (due to tensions in the Hormuz Strait). According to brokerage firms, this increase will boost refinery margins and give a push to the O2C (Oil to Chemicals) business.
Latest updates on NSE and BSE (5 March 2026, 12:10 PM)
Update at 12:10. The 52-week high is ₹1,611.80, and the low is ₹1,114.85. On BSE, the bid/ask spread is ₹1,384.40 / ₹1,384.85, with a total of 92,355 shares bought and 115,022 shares sold.
The other day (4 March 2026), the share fell 0.94% to close at ₹1,345, with a volume of 32.49 crore shares. Even though the share dropped 8% in 2026, this could be a good entry point for long-term investors, especially after the Q3 results (January 2026).
Reliance Industries Limited: Total debt and returns given to investors
Reliance Industries had a total debt of ₹3,47,530 crore (around $43.24 billion) by March 2025, with a significant portion being long-term debt. This keeps the debt-to-equity ratio at 35.7%, indicating the company’s strong balance sheet. According to the S&P Global report up to December 2025, interest-bearing debt stands at ₹3.48 lakh crore, which is used for the company’s various business expansions.
Regarding returns given to investors, Reliance announced a dividend of ₹0.55 per share in 2025, making the dividend yield 0.40% (based on the current price). In the long run, the company has consistently provided returns over the past few years – for instance, growth in retail and Jio is expected to give shareholders 20%+ CAGR. However, in 2026, a slowdown in the retail business caused the shares to drop 6-8%, affecting overall returns. In Q3 FY26 (January 2026), total revenue increased by 10%, and EBITDA rose by 6%, which is positive for investors.
According to the company’s Q3 FY26 report (January 2026), there is a strong order pipeline in the retail business for the metro and grocery segments, with growth recorded in pay (+36%) and staples (+25%). There are plans to commission 120 MW capacity in Jio, linked to AI and data centers. While the exact total order book is not publicly available, the company’s annual report shows a strong portfolio for new energy and infrastructure projects. Brokerage estimates suggest these orders could drive 20%+ revenue growth.
Reliance share price: Target price given by experts and leading brokerage firms
According to experts, the average target price for Reliance shares is ₹1,693.20, which is 25.89% above the current price. Recommendations from major brokerage firms are as follows:
- Kotak Securities: ‘Buy’ rating, target ₹1,730 (unchanged).
- Motilal Oswal: Target ₹1,688 (February 2026).
- Zerodha/others: Target ₹1,750 (January 2026).
Even though Reliance has a bright future, it’s important to keep an eye on the global oil market and the domestic slowdown. Advice for investors: keep a long-term perspective and consider market ups and downs. Visit our website for more updates.
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