RIL Picks Up 10% in Nauyaan Shipyard; Shares Touch 52-Wk Low; Goldman Sachs Say ‘Buy' with 33% Upside

Billionaire Mukesh Ambani headed Reliance Industries Limited (RIL) has made a major acquisition to expand presence in the Indian shipbuilding industry. On April 11, Reliance confirmed that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has acquired an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL) for Rs. 51.72 crore. This acquisition was made from Welspun Corp Ltd, a known player in the infrastructure space.

Reliance's Strategic Investment in Nauyaan Shipyard

According to the company's regulatory filing with BSE and NSE, Reliance stated: "Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the company, has completed the acquisition of a further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL) for an aggregate consideration of ₹51.72 crore from Welspun Corp Limited."

Reliance Industries Share Price Update

At the end of Friday's trading hours, Reliance Industries share price closed at ₹1220 on Friday, April 11, gaining 2.92% for the day. However, in the few days the stock has experienced volatility recently. During this week's broader stock market correction, Reliance shares touched a new 52-week low of Rs 1218.95.

Over the past six months, the RIL stock price has declined by approximately 11%, and in the last year, the fall has been around 16%. Despite this, market analysts believe in Reliance's long-term stock recovery.

Goldman Sachs Sees Strong Growth Outlook for Reliance Industries

In a newly released Goldman Sachs report, analysts maintained a 'Buy' rating on Reliance Industries, citing expectations of resumed earnings growth in FY26E. The firm noted that this growth could help narrow the current net asset value (NAV) discount at which RIL shares are trading.

Goldman Sachs highlighted that the core energy business, which is currently underperforming, is expected to recover in the coming fiscal years. Meanwhile, Reliance's focused investments in consumer and new energy segments-such as Jio Platforms, Reliance Retail, green hydrogen, and infrastructure ventures like shipbuilding-are all part of its strategic capital deployment aimed at delivering long-term value.

Reliance Q4 FY25 Earning Update

Reliance Industries Q4 results will be tentatively announced next week, and the company will also consider any Final dividend FY25 for its shareholders.

In the last quarter, Reliance revenue rose by 7.87% to ₹92.23 crore, and profit jumped by 216.67% to ₹0.19 crore compared to the same quarter last year. However, when compared to the previous quarter, profit fell sharply by 86.62%, while revenue grew slightly by 0.69%. The company also managed to reduce its operating expenses by 4.99% from the previous quarter. Overall, Reliance showed strong yearly progress, despite a weaker quarter-on-quarter performance, and seems focused on better cost control and long-term growth.

About Reliance Industries Limited (RIL)

Reliance Industries Limited (RIL) is one of India's biggest and most well-known companies. Founded by Dhirubhai Ambani, it operates in various sectors, including oil and gas, petrochemicals, telecom (Jio), retail, and renewable energy. Headquartered in Mumbai, RIL is led by Mukesh Ambani and is known for its strong presence in both traditional and new-age industries. The company plays a major role in the Indian economy and is also one of the most valuable firms listed on the stock exchange. Reliance continues to grow by investing in technology and clean energy and expanding its reach in India and abroad.