Anil Ambani’s Reliance Infra shares double money in 1 year. Is Rs 500 the next target price?
Reliance Infra shares: With the stock trading just below a key resistance level, some technical analysts believe a breakout could pave the way to ₹500, provided momentum sustains and short-term catalysts materialize.
Reliance Infrastructure shares have delivered a stunning 101% return over the past 12 months, fuelled by a dramatic debt clean-up, a three-notch credit rating upgrade, and renewed momentum in the infrastructure sector.
As the stock now hovers just below a key resistance zone, some technical analysts say a breakout could open the path to Rs 500, if momentum holds and near-term triggers play out. With a crucial board meeting on fundraising scheduled this week, the question for investors is whether there is still fuel in the tank, or is this rally running on fumes?
Ratings boost and debt clean-up
Investor sentiment received a strong boost last week after India Ratings & Research upgraded Reliance Infrastructure’s credit rating from ‘IND D’ to ‘IND B/Stable/IND A4’—marking a three-notch improvement and ending its six-year-long ‘default’ classification.
Capital raise, defence contracts and turnaround earnings
A key test for investor confidence will come on Wednesday, July 16, when the company’s board is set to meet to consider a range of long-term capital-raising options. These include qualified institutional placements (QIP), equity-linked securities, and non-convertible debentures (NCDs), in one or more tranches. The company has said shareholder approval may also be sought, depending on the structure.
The timing is noteworthy, with the meeting coming just ahead of its Q1 FY26 results, where the company is expected to lay out its updated financial position and capital needs.
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