Indian equity benchmarks opened on a positive note on Thursday, with the Sensex rising 107 points to reach 82,965 and the Nifty 50 adding 10 points to touch 25,060, surpassing the 25,000 mark. The market's upward momentum was primarily driven by Reliance Industries (RIL) and financial stocks, extending a five-day rally.

Market Highlights

• Sensex gained 107 points, reaching 82,965
• Nifty 50 added 10 points, crossing the 25,000 mark at 25,060
• Reliance Industries and banking stocks led the gains
• Five-day rally continues in the Indian stock market

The positive sentiment in the market was fueled by optimism surrounding a potential reduction in Goods and Services Tax (GST). Investors are also keenly awaiting the Federal Reserve's annual symposium for insights into the future direction of interest rates.

Reliance Industries Update

In a recent development, Reliance Industries Limited (RIL) disclosed that its step-down wholly-owned subsidiary, Reliance TerraTech Holdings LLC, has completed the voluntary winding-up process. The company filed a 'Certificate of Termination' with the Secretary of State of Texas on August 19, 2025, marking the effective date of termination.

Key Points from the Disclosure

This corporate action, while not significantly impacting RIL's financials, demonstrates the company's ongoing efforts to streamline its corporate structure.

As the market continues its upward trajectory, investors will be closely monitoring further developments in the GST reduction talks and the outcomes of the Federal Reserve's symposium for potential impacts on market sentiment and direction.

Mukesh Ambani, Chairman of Reliance Industries Limited (RIL), has unveiled an audacious plan to double the size of the company's Rs 19 lakh crore empire by the fiscal year 2030, potentially setting the stage for significant gains for its 44 lakh shareholders. This ambitious target comes as RIL's shares have already surged 16.00% this year, with investors eagerly anticipating strategic announcements at the upcoming Annual General Meeting (AGM) scheduled for August 29.

Growth Targets and Strategies

Reliance Industries aims to double its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) across the entire group by 2029-30. The company's growth strategy heavily relies on its Jio and Retail segments, which are expected to be the primary drivers of future expansion. These two segments are projected to double their earnings within the next 3-4 years, contributing significantly to the overall growth target.

Analyst Backing and Stock Performance

Major investment banks are throwing their weight behind Reliance's transformation story, with several upgrading their outlook on the stock:

These positive analyst sentiments reflect growing confidence in Reliance's ability to execute its ambitious plans.

New Energy Vertical: A Critical Growth Pillar

Reliance's new energy vertical is emerging as a crucial component of its growth strategy. The company has outlined plans for integrated solar solutions and battery manufacturing. Goldman Sachs projects that this new energy business will significantly scale up its operations, expanding from a current capacity of 1GW to 10GW by 2026. This expansion is expected to potentially reduce energy costs by 25.00% for the entire Reliance group, further boosting profitability.

Key Catalysts for Future Growth

Analysts have identified several key catalysts that could drive Reliance's growth in the coming months:

1. Potential Jio tariff hikes
2. Recovery in the retail segment
3. Growth in broadband subscriber base
4. Possible Jio IPO within the next 12-15 months

These factors, combined with the company's strategic initiatives across various sectors, are expected to play a crucial role in achieving the ambitious doubling of size by FY30.

Subsidiary Dissolution

In a separate development, Reliance Industries' step-down subsidiary, Reliance TerraTech Holdings LLC, has been voluntarily wound up in Texas. The subsidiary has completed its dissolution process in the state. This move aligns with the company's ongoing efforts to streamline its corporate structure and optimize operations.

As Reliance Industries continues to evolve and expand its operations across multiple sectors, the upcoming AGM on August 29 is highly anticipated. Shareholders and market watchers alike will be keen to hear more details about the company's plans to achieve its bold growth targets and the specific strategies it will employ across its diverse business portfolio.