Reliance Industries is India's largest company, combining a Jio 5G rollout with an expanding oil-to-chemicals (O2C) complex and a fast-scaling retail arm. The 5G monetization cycle and potential digital-unit value unlock are the dominant signal drivers. Energy-transition capex in solar and hydrogen adds optionality alongside the legacy refining cash engine.
Thesis reviewed May 29, 2026
Reliance Industries Ltd. (ADR) is headquartered in India, which is currently showing moderate signals.
🇮🇳India52AVOIDView India risk detail →⚡Energy62REDUCE| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| KMI | Kinder Morgan, Inc. | 63 | +6% | ↓89% | WATCH |
| ET | Energy Transfer LP | 63 | +7% | ↓89% | WATCH |
| HAL | Halliburton Company | 60 | +16% | ↓89% | EARLY |
| COP | ConocoPhillips | 60 | +13% | ↓89% | EARLY |
| PTR | PetroChina Company Limited | 60 | +8% | ↓89% | NEUTRAL |
| SNP | China Petroleum & Chemical Corporation (Sinopec) | 60 | +8% | ↓89% | NEUTRAL |
| TTE | TotalEnergies SE | 60 | +10% | ↓89% | EARLY |
Investors who hold RLNIY may also have indirect exposure through these country funds.
Reliance Jio accelerates pan-India 5G coverage and ARPU uplift
Reliance O2C complex expansion progresses on schedule
Estimates · Yahoo Finance · Not audited figures