RELIANCE.NS Stock Today, February 23: AI Capex, MS Sees 28% Upside
The reliance share price is in focus today after Morgan Stanley reiterated Overweight and named the stock a top pick, citing a ₹10 lakh crore AI capex pivot. RELIANCE.NS last traded near ₹1,409.50, within a ₹1,400 to ₹1,443 intraday range on February 20, and is down 9.91% YTD but up 15.12% over one year. Fresh AI infrastructure plans showcased at the India AI Impact Summit suggest a multi‑year growth runway. We break down key levels, valuation, and what the brokerage view means for Indian portfolios.
AI Capex Pivot: Why It Matters for Investors
Reliance industries ai capex of ₹10 lakh crore signals a long cycle of spend on data centres, cloud, AI compute, and fiber. This scale can deepen Jio’s enterprise footprint, improve ecosystem stickiness, and widen TAM across retail and media. For the reliance share price, credible execution and visibility on returns could support a re-rating, even if near-term costs weigh on margins.
We see three monetisation lanes: Jio cloud and AI services to Indian enterprises, retail personalisation and higher conversion, and operational efficiencies across energy and petchem. Cross-selling within a 450 million-plus digital base can lower CAC and lift ARPU. Clear KPIs on capacity additions, PUE metrics, and customer wins will be crucial for sustained support to the reliance share price.
Today’s Price Action and Key Technical Levels
The reliance share price sits around ₹1,409.50 with a day range of ₹1,400 to ₹1,443 and 11.88 million shares traded. RSI at 44.12 shows neutral-to-soft momentum, while ATR at 28.75 points to moderate volatility. YTD performance is -9.91%, but 1-year is +15.12%. Traders should respect intraday ranges while watching for volume expansion on breakouts.
Bollinger bands show the middle near ₹1,425.79 and the upper at ₹1,481.17, with support near the lower band at ₹1,370.41. CCI at -112 suggests oversold conditions, ADX at 22 indicates a weak trend, and MACD histogram has turned slightly positive. A sustained close above ₹1,426 could open ₹1,481, while slips below ₹1,370 risk a deeper test.
Valuation, Balance Sheet, and the Earnings Watchlist
At ~₹1,409, RIL trades at 23.08x TTM EPS and 2.19x book, with EV/EBITDA near 10.50x and a 0.39% dividend yield. Revenue grew 7.06% in FY2025, while EPS growth was flat, reflecting investment and mix. Net debt to EBITDA is 1.26x and the current ratio is 1.10. For the reliance share price, efficient capital allocation and improving cash generation are key.
Next results are due on April 23, 2026. Watch AI infra guidance, Jio cloud revenues, retail margins, petchem spreads, and leverage. Model scenarios point to ₹1,484 in a month, ₹1,600 in a quarter, and ₹1,585 over a year, not guarantees. Any uplift in return metrics and capex timing could aid the reliance share price into earnings.
Brokerage Takeaways and India’s AI Build-Out
Morgan Stanley kept Overweight, flagged AI capex as the next capital allocation driver, and projected 28% upside, a key morgan stanley reliance target talking point. The brokerage also named RIL a top pick, highlighting potential re-rating as execution improves. Details are covered by Moneycontrol.
India is seeing rapid data-centre investment, supported by demand, affordable data, and maturing infrastructure. This backdrop can support hyperscaler partnerships and local AI workloads, a tailwind for RIL’s stack. For additional context, see The Economist’s view on the boom in India’s server farms here. The ril share price may reflect progress on these secular drivers.
Final Thoughts
For Indian investors, the reliance share price sits near ₹1,409 with a neutral-to-soft setup. Key levels are ₹1,370 on support, ₹1,426 as a pivot, and ₹1,481 as near-term resistance. The bigger story is the ₹10 lakh crore AI build, where execution on data centres, Jio cloud, and enterprise wins can move the needle. We would track signed workloads, capacity additions, and power efficiency alongside margin trends. Into April 23 results, guidance on AI capex phasing, leverage, and retail profitability can influence sentiment. Short-term traders can watch ATR-sized moves, while long-term investors may focus on improving returns on growth spend to support the reliance share price.
FAQs
What is the reliance share price today and how did it move?
As of the latest available session, the reliance share price is around ₹1,409.50, trading between ₹1,400 and ₹1,443 intraday. YTD performance is -9.91%, while the 1-year return is +15.12%. Momentum is neutral-to-soft with RSI at 44.12 and moderate volatility signaled by ATR at 28.75.
Why is Morgan Stanley positive on Reliance now?
Morgan Stanley reiterated Overweight and highlighted a ₹10 lakh crore AI capex focus, naming RIL a top pick and seeing 28% upside. The call rests on multi-year infrastructure investment in data centres and AI services, with potential re-rating as execution improves. This supports interest around the morgan stanley reliance target discussion.
What are key levels to watch on Reliance today?
Immediate support is near ₹1,370. The pivot sits around ₹1,426, and resistance is near ₹1,481. A strong close above ₹1,426 can open a move toward ₹1,481, while a breach below ₹1,370 may invite more selling. Keep an eye on volume to confirm any breakout or breakdown.
What could influence the reliance share price over the next quarter?
Upcoming earnings on April 23, 2026, AI capex guidance, Jio cloud wins, retail margin trends, and petchem spreads are critical. Model paths suggest ₹1,484 in a month and ₹1,600 in a quarter, not guarantees. Clear progress on execution and returns can be positive for the reliance share price.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.