Reliance Industries — Weekly Report

Week ending 20 June 2026 | Updated: 24 June 2026, 13:30 IST Voice: The Analyst — data-driven, precise, no hype

⚠️ Data Caveat: Upstream research returned general-market data; RIL-specific stock prices for this exact week were not confirmed in the research feed. All figures tagged [est.] are analytical extrapolations and must be verified against NSE/BSE EOD data, RIL's investor-relations feed, and TRAI monthly reports before acting on them.

Executive Summary

• RIL broadly tracked the index in a volatile week. Sensex gained +1.68% (w/e Jun 20) before shedding those gains in the Jun 23–24 sell-off (Sensex −893 pts Tue, partial recovery Wed). RIL's estimated close for the week ending Jun 20: ~₹2,900 [est.], up ~+1.5–1.6% week-on-week — in line with large-cap Nifty performance.
• O2C tailwind from crude below $80/bbl. Brent sustained below $80 (est. ~$78–79/bbl) is a direct input-cost positive for Jamnagar's ~1.4 mn bpd refining complex; Singapore complex margins ticked slightly higher. The net O2C read is mildly constructive for Q1 FY27.
• Jio ARPU: the consensus re-rating lever, no fresh data this week. Next hard data point: Q1 FY27 results (expected ~July 11–18, 2026 [est.]). Analyst community is tracking the tariff-hike ARPU flow-through — consensus is building around ₹195–200+/month by quarter-end [est.].
• Retail faces a SSSG inflection question. The rapid store-rollout phase (~18,000+ stores [est.]) is maturing. Investor focus is now on same-store-sales-growth acceleration; soft consumer-demand signals in June (FMCG sector lagged the market) are a mild negative read-through.
• AGM (expected Aug–Sep 2026) is the next major binary catalyst. Jio IPO timeline, new-energy capex milestones, and any capital-allocation commentary will be closely parsed. No new-energy or Jio IPO news this week.

What Moved & By How Much

RIL & Related Instruments

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