Should I buy Reliance Infrastructure stock in 2025? Complete Guide for India

What is Reliance Infrastructure?

How much is Reliance Infrastructure stock?

The price of Reliance Infrastructure stock is steady this week. As of today, the share trades at ₹279.50, showing no 24-hour change but delivering a strong 9.46% gain over the past week.

The company’s market capitalization stands at ₹11,072 crore, with a healthy 3-month average trading volume of 12.64 million shares.

A high beta of 1.50 indicates above-average volatility. Given these dynamics, investors should note the stock’s potential for significant swings in value, making it more suitable for those with a higher risk appetite.

Our full analysis on Reliance Infrastructure stock

We have carefully examined Reliance Infrastructure’s latest financial disclosures and scrutinized the stock’s impressive multi-year performance trajectory. Drawing on a synthesis of proprietary quantitative models that merge financial indicators, advanced technical analytics, and comparative market intelligence, this analysis provides a rigorous, investor-focused perspective. So, why might Reliance Infrastructure stock once again become a strategic entry point into the Indian infrastructure and energy sector in 2025?

Recent Performance and Market Context

Reliance Infrastructure (NSE: RELINFRA) has demonstrated remarkable resilience and dynamism in an evolving market landscape. Over the past year, RELINFRA’s stock price surged by a compelling +63.35%, handily outperforming several sector benchmarks and peer averages. The three-year performance stands even taller—+173.75%, signaling robust investor confidence and reaffirming the company’s strategic importance in India’s infrastructure transformation.

Short-term momentum has also been noteworthy, with a 1-week gain of +9.46% and one-month appreciation at +6.56%, signaling renewed market interest. Despite a YTD decline of -8.10%—largely attributed to cyclical sector rotations and macro-level volatility—the stock’s ability to rebound sharply underscores strong support and ongoing confidence.

Several positive events have catalyzed sentiment in recent quarters:

• Capital Infusion: The October 2024 approval to raise $350 million (₹2,930 crore) through FCCBs strengthens the company’s capital structure and liquidity position.
• Strategic Stake Increase: In May 2025, raising its holding in Reliance Power from 23.18% to 24.90% for ₹315.15 crore aligns with a forward-looking, synergistic growth orientation.
• ESOP Scheme Launch: An employee-centric incentive program commits over ₹850 crore to talent retention—critical for execution on mega projects.

These developments unfold against the backdrop of India’s sustained infrastructure push, where government initiatives in power, metro, and defence have elevated the sector’s growth outlook. Lower interest rates, supportive regulatory frameworks, and significant allocations in recent Union Budgets further amplify these tailwinds, positioning RELINFRA to capture outsized value from national investment priorities.

Technical Analysis

The technical framework for Reliance Infrastructure is sending increasingly constructive signals. As of May 19, 2025, the price sits at ₹279.50, notably above all major short- and long-term moving averages—an emphatic sign of persistent bullish momentum:

(Current price above all—clear sign of trend strength)

Relative Strength Index (RSI, 14): At 64.06, RSI indicates neutral to slightly overbought conditions, with headroom before true overbought territories (>70).

MACD: The bullish crossover (MACD 5.68 / Signal 2.48) points to a reinforcing uptrend, with momentum likely to persist in the near term.

Stochastic RSI: At an elevated 99.06, indicative of strong buying activity.

The recent price consolidation around major support zones has led to a technical base-building phase. Breaks above resistance, especially ₹291, could signal further upside, while the proximity to support offers asymmetric short-term entry points. This technical backdrop, reinforced by rising volumes and price leadership, suggests RELINFRA may be entering a new bullish phase ideal for timely accumulation.

Fundamental Analysis

Reliance Infrastructure’s fundamentals reflect a unique blend of established market presence and transformative potential:

• Revenue Growth: Q3 FY2025 revenue reached ₹5,032.55 crore, up 8.51% year-on-year. This growth, despite sectoral headwinds and macroeconomic lucidity, bolsters the investment narrative.
• Profitability: While the company registered an operating profit of ₹605 crore, an exceptional net loss (₹3,199 crore) was primarily driven by one-off items and elevated finance costs. However, the topline’s resilience and underlying operating strength indicate a capacity for swift turnaround as debt is managed and margins normalize.

Valuation Metrics:

Moderately leveraged at 1.11; management’s explicit focus on potential asset monetization and lowering cost of capital remains a bullish structural driver.

Strategic Strengths:

• Diversification: 90.14% of revenues derive from power, with expanding infrastructure and construction verticals—providing both resilience and multiple growth vectors.
• Asset Quality: Ownership and operation of marquee assets—Mumbai Metro Line-1, Delhi Airport Metro Express, key road projects—entrench the company as an irreplaceable player in India’s urbanization and mobility story.
• Defence Segment: Active investment and government alignment (Make in India, Atmanirbhar Bharat) position RELINFRA to scale rapidly within defence manufacturing, an underappreciated catalyst.

Brand & Market Position: As part of the Anil Ambani-led Reliance Group, RInfra leverages a strong, widely recognized brand, deep project execution credentials, and unique access to large-ticket infrastructure opportunities.

Volume and Liquidity

Healthy market participation is a core confidence marker—RELINFRA’s average daily volume of 12.64 million shares ranks among the most liquid infrastructure stocks on the NSE. The current trading volume of 4.02 million shares in a consolidation phase speaks to continuous institutional and retail interest, reducing entry/exit friction for new investors.

A beta of 1.50 indicates heightened, yet opportunity-rich, volatility—this has historically translated into outsized upside returns during upcycles. The freely available float ensures ample price discovery and supports robust valuation reratings when positive catalysts emerge.

Catalysts and Positive Outlook

Multiple near- and medium-term catalysts underpin the case for substantial further upside:

• Defence Manufacturing Expansion: Committed investment up to ₹10,000 crore over the next decade positions RELINFRA to benefit from the government’s massive procurement drive and indigenization policies.
• Government Infrastructure Push: National focus on road, metro, and renewable energy not only expands the company’s addressable market but creates a pipeline of annuity-generating projects, reducing cyclical risk.
• Asset Monetization Opportunities: Initiatives to divest or monetize select non-core assets promise to unlock trapped capital, reduce debt, and improve profitability metrics.
• EPC Order Book Growth: Backlog expansion ensures multi-year revenue visibility—a key ingredient for sustainable revaluation.
• ESOPs and Human Capital Investment: The recently launched ESOP scheme aligns employee incentives with value creation, critical for successful project execution at scale.

Further, regulatory tailwinds (faster project clearances, incentives for renewable/defence capex) and a benign interest rate environment enhance the overall risk-reward calculus.

Investment Strategies

For investors evaluating entry points, several strategies seem particularly promising:

• Short-Term:
• Technical setup and high relative strength suggest momentum trading opportunities, especially on breaks above ₹291.13 resistance.
• Volume surges following positive news offer low-latency trading setups.
• Medium-Term:
• Accumulating on dips near strong support zones (₹268.93–₹276.33) provides a strategic buffer and exposure to potential order inflow announcements or regulatory tailwinds.
• Monitoring quarterly earnings and debt-reduction milestones adds additional layers to the thesis.
• Long-Term:
• Reliance Infrastructure represents a differentiated play on India’s multi-decade infrastructure and defence cycles.
• Asset-rich, diversified, and aligned with government priorities, it appears positioned to deliver compounding returns as macro catalysts unfold.
• For investors seeking deep value, the price-to-book discount offers compelling risk-reward—especially as deleveraging and operating leverage kick in.

Is it the Right Time to Buy Reliance Infrastructure?

In summary, Reliance Infrastructure showcases a convergence of bullish technical and fundamental themes:

• Leadership in Power and Infrastructure: Robust market share and execution on flagship national projects.
• Turnaround Momentum: Improving revenues, sound asset base, and a clear path to profitability normalization.
• Compelling Valuation: Subdued price-to-book ratio and attractive entry point near intrinsic value, despite the premium P/E reflective of future growth potential.
• Supportive Catalysts: Government capex, defence expansion, asset monetization, and order book growth.
• Trading Liquidity and Institutional Interest: High volumes and dynamic price movement present fertile ground for both tactical and strategic allocation.

While attentive risk management remains prudent due to cyclical volatility and the need for ongoing balance sheet improvement, the stock’s multi-year performance, diversified growth drivers, and alignment with national priorities justify renewed investor focus.

For investors with a strategic outlook seeking exposure to India’s infrastructure boom—with the potential for outsized returns as catalysts materialize—Reliance Infrastructure seems to represent an excellent opportunity at the current juncture. As the company continues to execute across power, defence, and engineering, the upside case looks increasingly robust. Few stocks in India’s infrastructure space combine such deep value and forward momentum, making Reliance Infrastructure a name deserving of serious consideration as a core or tactical portfolio addition in 2025.

For those seeking a well-timed entry into India’s infrastructure renaissance, Reliance Infrastructure may offer precisely the kind of growth and value blend that defines tomorrow’s sector champions.

How to buy Reliance Infrastructure stock in India?

Buying shares of Reliance Infrastructure online has become both simple and secure for Indian investors, thanks to strictly regulated brokers operating under SEBI (Securities and Exchange Board of India) guidelines. You can access the stock using two main methods: through spot (cash) buying to directly own the shares, or by trading contracts-for-difference (CFDs) to speculate without ownership. Each approach suits different investing styles and risk appetites. To choose the best solution for your needs, it’s important to compare available brokers—see our comparison further down this page for detailed insights.

Spot Buying

Spot (cash) buying means purchasing Reliance Infrastructure shares outright via your broker, becoming a legal shareholder. In India, this is done through reputable platforms linked with the NSE or BSE, where you pay a fixed commission per order—typically between ₹15 and ₹25, depending on the broker.

Example

Suppose the current Reliance Infrastructure share price is ₹279.50, and you have $1,000 (approx. ₹83,000) to invest. With a brokerage fee of around ₹420 ($5), you could buy about 296 shares (₹83,000 - ₹420 = ₹82,580 / ₹279.50 ≈ 295.5 shares).

✔️ Gain scenario

If the share price climbs 10% to ₹307.45, your shares would now be worth about ₹90,562 ($1,090).

Result: +₹8,278 ($100) gross gain, which is a +10% return on your investment (excluding taxes and minor charges).

Trading via CFD

CFD trading (Contract-for-Difference) lets you speculate on Reliance Infrastructure’s price movements without owning the shares. This method is popular for active traders seeking leverage. Rather than paying per share, you’ll pay a spread (the broker’s markup on the buy/sell price) and possible overnight financing fees if you keep trades open beyond a day.

Example

You open a CFD on Reliance Infrastructure with $1,000 (₹83,000) as margin and use 5x leverage, giving you exposure to ₹415,000 ($5,000) worth of the stock.

✔️ Gain scenario

If the share price rises by 8%, your position gains 8% x 5 = 40%.

Result: That's a gain of ₹33,200 ($400) on your ₹83,000 ($1,000) investment (excluding spreads and overnight fees).

Final Advice

Before you start, carefully compare broker fees, trading conditions, and platforms—transaction costs and service quality can vary. Your ideal method depends on your goals: spot buying suits long-term investors seeking ownership, while CFDs may appeal to active traders looking for short-term opportunities with leverage. Review our detailed broker comparison below to choose the most suitable partner for your Reliance Infrastructure investment journey.

Our 7 tips for buying Reliance Infrastructure stock

The latest news about Reliance Infrastructure

Reliance Infrastructure’s stock has surged 9.46% within the last week, outpacing sector trends. This notable performance can be attributed to strong investor sentiment backed by bullish technical indicators: the stock price remains above all key short- and long-term moving averages and the MACD has shown a clear bullish crossover, collectively signaling positive momentum and potential further upside in the near term. The increasing trading activity, coupled with the strong one-year and three-year returns (+63.35% and +173.75% respectively), underscores the market’s renewed confidence in the company’s strategic direction, particularly relevant for Indian investors seeking domestic infrastructure exposure.

Reliance Infrastructure has increased its stake in Reliance Power Limited to 24.90% in May 2025. The purchase of additional shares for ₹315.15 crore represents a deliberate move to consolidate influence over a critical group asset, reinforcing its position within the power sector, which remains the company’s dominant revenue driver (over 90%). This increase not only strengthens intra-group synergies but also signals commitment to long-term value creation in India’s expanding energy landscape, with potential positive ramifications for Reliance Infrastructure’s future revenue streams and sector leverage.

The company continues its major role in national infrastructure, including metro rail lines and toll roads. Strategic projects like Mumbai Metro Line-1 and Delhi Airport Metro Express, along with a portfolio of nationwide toll roads, maintain Reliance Infrastructure’s strong footprint within government-backed initiatives for urban transportation and logistics. These projects support recurring revenue streams and secure the company’s status as a long-term participant in India’s infrastructural transformation, a feature valued by both retail and institutional Indian investors focused on economic growth sectors.

Reliance Infrastructure’s board-approved ESOPs and recent FCCB fundraising underscore a proactive financial strategy. The October 2024 approval to raise $350 million through Foreign Currency Convertible Bonds and the rollout of a substantial 26 million-share Employee Stock Option Scheme (worth over ₹850 crore) demonstrate management’s focus on strengthening the capital base and aligning employee incentives with shareholder interests. These moves are designed to provide financial flexibility, retain talent, and position the company to capitalize on government infrastructure and defence opportunities—vital factors in India’s public-private partnership environment.

Revenue for Q3 FY2025 grew 8.51% year-over-year, evidencing resilient core operations despite net losses. While significant exceptional expenses and finance costs led to a large reported net loss for the quarter, the underlying topline growth reflects continued demand for Reliance Infrastructure’s essential services across power, engineering, and construction activities. The momentum in revenue, against a complex macroeconomic backdrop, offers a constructive signal for analysts monitoring the durability of Indian infrastructure businesses and may serve as a precursor to improved profitability should cost controls or debt management initiatives succeed.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.