Reliance Industries shares: Monarch sees 20% upside in 3–4 months - Reveals buy range, targets for Mukesh Ambani stock
Monarch Networth rate stocks including Reliance Industries.
· LiveMint Markets
Monarch Networth Capital named Reliance Industries its stock pick of the week, citing a potential triple-bottom pattern near ₹1,150–1,180. It recommends accumulating at ₹1,180–1,220, with a target of ₹1,350–1,450 over three to four months and a closing-basis stop loss below ₹1,100.
Market context
- Brokerage calls from Monarch Networth, with ratings on the stocks named. The stocks: Reliance Industries.
- The “20% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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