Reliance Industries and Jio Platforms both experienced intraday share price declines ahead of their quarterly financial updates scheduled for October 30. Kotak Institutional Equities anticipates a 15% year-on-year increase in consolidated EBITDA for Reliance Industries, largely powered by a 47% leap in the oil-to-chemicals business. In contrast, softer domestic production is forecast to pull oil and gas earnings lower, while retail performance is expected to remain slightly subdued. Meanwhile, analysts project robust double-digit top-line and bottom-line expansion for Jio Platforms, focusing closely on metric improvements like average revenue per user.
Key points
Analyst Anuj Gupta recommends buying Reliance Industries with a projected one-year target…: Analyst Anuj Gupta recommends buying Reliance Industries with a projected one-year target price ranging from ₹1,500 to ₹1,700.
SMC Global Securities forecasts Jio Platforms to achieve roughly ₹40,000 crore in revenue…: SMC Global Securities forecasts Jio Platforms to achieve roughly ₹40,000 crore in revenue alongside an 18% rise in net profit.
Market watchers advise current Jio Platforms shareholders to maintain a defensive stop-lo…: Market watchers advise current Jio Platforms shareholders to maintain a defensive stop-loss level below the listing price of ₹1,358.
Sources checked by our analysis pipeline: 1
Reliance Group stocks ahead of Q2 results today: Mukesh Ambani-led Reliance Group stocks - Reliance Industries and newly listed Jio Platforms - are set to release their financial results for the quarter ending on 30 September, 2026, on Friday, 30 October.
Reliance Industries share price opened higher on Friday but soon lost momentum, slipping into negative territory and declining by less than 1%. The stock touched an intraday low of ₹1,157.10 per share ahead of the company’s earnings announcement.
Similarly, Jio Platforms share price reversed their initial gains after opening in the green during Friday’s trading session. The stock declined by over 2.41%, hitting an intraday low during the session.
Brokerage firm Kotak Institutional Equities expects Reliance Industries' consolidated EBITDA to increase 15% year-on-year (YoY) and 11.1% quarter-on-quarter (QoQ).
At the segment level, O2C EBITDA is projected to grow 47% YoY, while retail EBITDA is likely to decline marginally by 0.8% and oil and gas EBITDA is expected to fall 7.2%.
The brokerage expects the O2C business to benefit from strong SEZ refinery earnings, the absence of windfall tax impact,…
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