Reliance Stock Price: The crown of Reliance Industries, the company of the country's richest industrialist Mukesh Ambani, is in danger. Reliance Industries is India's largest company as well as the most valuable company. But after the decline in Reliance's stock in the last few months, there is a threat of losing the title of the most valuable company in the stock market. The company's stock has fallen by 24 percent since touching a historic high on 8 July 2024.

Reliance's market cap falls to Rs 16.55 lakh crore 

After a big fall in the stock of Reliance Industries, the market cap of the company has come down to Rs 16.55 lakh crore. Whereas just six months ago on 28 June 2024, the market cap of the company had crossed Rs 21 lakh crore. On 8 July, Reliance shares made an all-time high of Rs 1608. But on 24 December 2024, the stock closed at Rs 1222 with a decline of 24 percent from this level.  

Threat to Reliance from TCS!

The market cap of Reliance has come down to Rs 16.55 lakh crore. And there is only a difference of Rs 1.43 lakh crore between the market cap of Tata Group's TCS and Reliance, the company standing at the second position. The market cap of Tata Consultancy is Rs 15.12 lakh crore. While in terms of market capitalization, HDFC Bank is at the third position, whose value is Rs 13.74 lakh crore as per the closing price of 24 December 2024. If the decline in Reliance stock continues and the rise in TCS stock returns, then TCS can overtake Reliance Industries in terms of market capitalization. IT stocks have also returned to the rise in recent days, so the possibility of TCS overtaking Reliance is increasing. 

Listing of Reliance Jio possible in 2025

There are full chances of growth in Reliance Industries in the new year 2025. It is being speculated that Reliance Group may bring IPO of its telecom company Reliance Jio in the year 2025. Reliance stock may shine due to value unlocking. In recent times, many brokerage houses have increased the target price of Reliance stock. 

CLSA-Jefferies bullish on Reliance 

Jefferies, in its research note, advised to buy Reliance Industries shares and said that the stock can go up to Rs 1700. CLSA, in its report, has also expressed the possibility of Reliance Jio IPO being launched in the second or third quarter of 2025 and said that due to the value unlocking of Reliance Jio and retail business and the possibility of the new energy business being as big as the size of the oil to chemicals business, the stock of Reliance Industries can go up to Rs 2186.