Reliance Industries Limited (NSE: RELIANCE) is India’s most important stock. As the nation’s largest private-sector company by revenue and market cap — at ₹18.27 lakh crore — Reliance touches the daily life of every Indian through Jio (450M+ subscribers), Reliance Retail (India’s largest retailer), and the fuels and petrochemicals that power the country’s economy.

Yet in May 2026, RELIANCE trades at just ₹1,350.5 — down 16.2% from its 52-week high of ₹1,611.8 and down 4.63% over the past year, significantly underperforming the Nifty 50. This underperformance, driven by O2C margin compression and delayed Jio/Retail IPO timelines, has created what may be one of the most attractive entry points in Reliance’s recent history.

Citigroup has a ₹2,020 price target. Morgan Stanley is hosting a Reliance investor forum on June 2, 2026. The AGM on June 19, 2026 could announce the long-awaited Jio Platforms IPO timeline — potentially the single largest wealth-unlocking event for Reliance shareholders in a decade. In this guide, we give you everything: live data, technical analysis, segment breakdown, price predictions through 2030, and a clear buy/hold verdict.