After a tepid performance in 2024, Reliance Industries Ltd (RIL) has made a powerful comeback in 2025, with shares rallying 25% year-to-date. This resurgence has reignited investor interest and prompted analysts to debate whether this is a sustainable uptrend or merely a technical bounce.

Analysts believe the rally has legs. According to Hardik Matalia of Choice Broking, the stock recently broke out from a consolidation zone, reaffirming its long-term bullish structure. Currently trading at ₹1,517.80, RIL faces resistance around ₹1,530–1,535 — the September 2024 high. However, Matalia and others view pullbacks as buying opportunities, recommending entries in the ₹1,500–1,510 range with upside targets of ₹1,575–1,600.

Drumil Vithlani of Bonanza Portfolio noted a higher high, higher low pattern, suggesting continued short-term strength, despite recent sessions showing minor selling pressure at higher levels. Amit Trivedi from YES SECURITIES also supports a buy-on-dips approach, targeting a potential move towards ₹1,640.

Fueling the rally is a major corporate restructuring: RIL is spinning off its FMCG business into New Reliance Consumer Products Ltd (New RCPL), ahead of a possible mega retail IPO. The business generated ₹11,500 crore in FY25 revenue and aims to enhance strategic focus and investor clarity.

Reliance Industries Ltd (RIL) has reclaimed investor attention in 2025 after a lackluster 2024, with the stock surging 25% year-to-date. Technical analysts are bullish on the stock’s structure, citing a breakout from a long-term consolidation base and strong momentum indicators.

Currently priced at ₹1,517.80, the stock is trading above all key moving averages, while its Relative Strength Index (RSI) at 66.83 points to near-term consolidation. Analysts from Choice Broking, Bonanza Portfolio, and YES SECURITIES all suggest a buy-on-dips strategy, especially around the ₹1,500–1,510 levels, with targets up to ₹1,640.

The rally is also backed by a significant corporate move: Reliance is consolidating its FMCG assets — currently housed under multiple entities — into a new subsidiary, New Reliance Consumer Products Ltd (New RCPL). The aim is to isolate the consumer vertical in preparation for a potential IPO, replicating the model used for Jio Platforms.

The consumer business, which includes brands like Campa, Sosyo, Independence, and Ravalgaon, posted ₹11,500 crore in FY25 revenue. According to a recent NCLT order, the move will help streamline operations and attract sector-specific investors. Analysts believe this strategic clarity will further support RIL’s stock performance in the medium term.