RIL shares fall 0.43% as investors weigh Meta AI partnership against delayed Jio IPO timeline 

Reliance Industries’ Chairman Mukesh Ambani addressing the annual shareholders’ meeting of Reliance Industries. The partnership, announced on August 29, will see RIL and Meta jointly invest ₹855 crore in a 70:30 ratio to develop Llama-based enterprise AI platforms.
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Reliance Industries Limited (RIL) shares traded lower by 0.43 per cent at ₹1,351.30 on Monday morning at 11.30 am, despite announcing a joint venture with Meta to develop enterprise AI solutions for India. The stock opened at ₹1,356 and hit a day’s high of ₹1,357 before declining to ₹1,340.60.

The partnership, announced on August 29, will see RIL and Meta jointly invest ₹855 crore ($100 million) in a 70:30 ratio to develop Llama-based enterprise AI platforms. The joint venture will offer AI Platform-as-a-Service and pre-configured solutions targeting Indian enterprises and SMBs, with the transaction expected to close in Q4 2025.

Brokerage firms maintained positive ratings on RIL following recent AGM announcements. JPMorgan retained its Overweight rating with a target price of ₹1,695, while Kotak maintained Add with ₹1,555 target. Jefferies and HSBC kept Buy ratings at ₹1,670 and ₹1,630 respectively. Nuvama maintained Buy with the highest target of ₹1,733.

According to Santosh Meena of Swastika Investmart, the stock decline reflects investor disappointment with the Jio IPO timeline being pushed to H1 2026, later than expected 2025 listing. He noted RIL’s historical pattern of post-AGM declines despite significant announcements.

Key AGM highlights included the definitive Jio IPO timeline, launch of Reliance Intelligence subsidiary, and ambitious retail growth targets of 20 per cent CAGR over three years. The company reiterated plans to double EBITDA between FY2022-FY2027 and achieve ₹1 lakh crore FMCG revenue within five years.

Analysts remain optimistic about RIL’s long-term prospects, citing its diversified business model and strategic investments in AI and new energy. The company’s New Energy business is expected to potentially match the scale of its O2C operations. Trading volume stood at 45.04 lakh shares worth ₹608.59 crore, with 59.48 per cent deliverable quantity indicating sustained investor interest despite the price decline.

Published on September 1, 2025