Despite the positive long-term outlook, Reliance Industries shares ended 2.16% lower on Friday at ₹1,356. This came after the stock had already risen 11% so far in 2025. Kotak Institutional Equities has an 'Add' rating on the stock with a target price of ₹1,555, supported by the company's reiterated goal of doubling its EBITDA between FY2022 and FY2027.