The conglomerate's second-quarter earnings set new milestones, led by a 33.8% increase in consolidated profit after tax alongside record operating profits. Substantial gains in the oil-to-chemicals business offset distinct operational challenges in the retail division, where net profit fell by over 24%. Despite adding ₹1.84 lakh crore in market value during Monday's session, the stock remains down 17.22% year-to-date after facing losses in eight of the past 10 months.
Key points
Monday's rally added ₹1.84 lakh crore to push the company's total market valuation to ₹17…: Monday's rally added ₹1.84 lakh crore to push the company's total market valuation to ₹17.6 lakh crore.
The company's telecom unit Jio Platforms recently provided momentum by listing at a 21.3%…: The company's telecom unit Jio Platforms recently provided momentum by listing at a 21.3% premium.
The single-day surge represented the stock's highest level since early September and larg…: The single-day surge represented the stock's highest level since early September and largest jump since April 2020.
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Reliance Industries Ltd. (RIL), the country’s most valuable company by market capitalisation, saw its shares achieve a rare feat not witnessed in the past five years, as the company’s record performance in the second quarter prompted investors to return to the stock and drive a sharp rally.
The shares finished Monday’s trade with a solid 12% jump to settle at ₹1,300 on NSE, their highest level since early September. The stock last posted a comparable single-day surge in April 2020. Given its heavyweight status in the Nifty 50, the rally also lifted the index by 1.7%, even as tensions in West Asia remained elevated.
For long-term Reliance Industries shareholders, the sharp rise has revived confidence in the stock, which had been trending lower since the start of 2026. The shares closed in the red in eight of the previous 10 months. Despite Monday’s rebound, the stock remains down 17.22% so far this year.
The double-digit jump in the stock added ₹1.84 lakh crore to the company’s market capitalisation, taking it to ₹17.6 lakh crore and helping it retain its position…
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