August 21, 2025

Get ready for a storm of growth! Asia's richest billionaire, Mukesh Ambani, has announced a grand plan to double Reliance Industries’ whopping Rs 19 lakh crore empire by 2030. This thrilling target now has 44 lakh shareholders buzzing with excitement about what analysts call a huge re-rating chance for the bluechip Nifty stock. The company’s shares have already jumped 16% this year, after a slow start in 2024, and investors eagerly await the upcoming Annual General Meeting (AGM) on August 29. Ambani is expected to reveal game-changing strategies that could pump up shareholder value like never before. Though Reliance had mixed results in the June quarter, the management remains upbeat about the future. They boldly forecast doubling EBITDA across the group by 2029-30. The shining stars of this growth story? The telecom giant Jio and retail powerhouse. Both are expected to double earnings in 3-4 years and drive most of Reliance’s future surge. CLSA’s Vikash Kumar Jain called this "a significant upside for the stock". He said, “We expect Reliance's consolidated Ebitda to improve significantly soon, led by Jio and Retail’s growing share. The stock is trading at a low valuation, which hides the true value of these businesses. Jio’s tariff hikes and retail’s steady growth will boost the stock in coming quarters.” Reliance’s new energy business is another exciting player in Ambani’s plan. It’s set to grow big, matching the size of its oil-to-chemical segment by FY30. This new energy vertical is a sparkling third pillar of growth, focusing on solar power and battery manufacturing. Global brokers like Nomura and Goldman Sachs believe this will lower power costs and push Reliance even higher. Goldman Sachs is optimistic too, giving RIL a target price of Rs 1,695, and noting positive cash flow despite heavy investments. HSBC upgraded Reliance to "Buy" and set a Rs 1,630 target, highlighting retail turnarounds, fresh energy projects, and digital business growth. On top of this, the start of new energy projects and a possible Jio IPO are set to be major fireworks in the coming 12-15 months. Investors are glued to the August 29 AGM, waiting for announcements to unlock Reliance’s true treasure trove. So, will Reliance truly double its empire? As the Ambani vision takes center stage, one thing is clear: this story is packed with power, promise, and profit potential.

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Tags: Mukesh ambani, Reliance industries, Ril shares, Jio, Retail, New energy,