<div id="readability-page-1"><div>** Reliance Industries climbs 27% in 2025, its most since since 2020** Stock outperforms benchmark Nifty 50 , which has risen about 10% this year** Shares largely flat on Tuesday at 1,544 rupees** Year's rise helped by improving earnings in oil-to-chemicals business, and strong retail and telecom segments** Earlier this month, Morgan Stanley said it expected earnings upgrades each quarter for RELI in 2026, driven by refining up-cycle, ARPU hike in telecom, retail growth, and ramp-up of new energy business** Avg rating of 34 analysts covering the stock is &#34;buy&#34;, media PT is 1,685 rupees - data compiled by LSEG</div></div>

Reliance Industries has seen a 27% increase in stock value in 2025, marking its best performance since 2020. The stock has outperformed the Nifty 50 index, which rose about 10% this year. The rise is attributed to improved earnings in its oil-to-chemicals business and strong performance in retail and telecom. Analysts expect continued earnings upgrades for Reliance in 2026, with an average rating of "buy" and a media price target of 1,685 rupees.

India's Reliance Industries set to gain most in a year since 2020