Business · Markets · 1 hr ago
Reliance Shares Jump 11.6% After Strong Quarterly Results
Reliance Industries shares rose 11.6% on Monday, their biggest one-day gain since April 2020.
The jump followed a record quarterly profit that beat analysts’ estimates, with strong results from its oil-to-chemicals business.
Reliance is one of India’s largest companies, and its results can influence the wider stock market.
Investors also value the company partly through its holdings in other businesses, including its 64.5% stake in Jio Platforms.
That stake is valued at ₹8.37 trillion, giving investors a clearer picture of part of Reliance’s worth after Jio’s listing.
The Nifty 50 gained 1.68%, while the Sensex rose 1.66%, as Reliance’s rally helped lift the benchmarks.
Reliance’s next results and any future changes to Jio’s average revenue per user could affect how investors value the shares.
Reliance Industries shares rose 11.6% on Monday after the company reported better-than-expected September-quarter earnings.
The stock closed at ₹1,299, according to the Economic Times, and at ₹1,300, according to Business Standard.
The rally added ₹1.83 lakh crore to Reliance’s market value, taking it to ₹17.57 lakh crore, the Economic Times reported.
The gains made Reliance the biggest contributor to the Nifty 50’s advance, and the index closed 1.68% higher at 23,440.8.
The company’s oil-to-chemicals business drove its earnings beat, Bloomberg reported.
- Who
- Reliance Industries, India’s largest company by market value.
- What
- Its shares rose 11.6% after better-than-expected quarterly earnings.
- When
- Monday, November 2, 2026.
- Where
- India’s stock market.
- Why
- September-quarter earnings beat analyst estimates, driven by strong performance in the oil-to-chemicals business.
This story does not have two clearly opposing sides.
Reliance reported better-than-expected earnings, with strong performance in its oil-to-chemicals business.
Reliance shares rose 11.6% and added ₹1.83 lakh crore to the company’s market value.
The Nifty 50 closed 1.68% higher at 23,440.8.
- Share-price rise
- 11.6%
- Closing price
- ₹1,299 in Economic Times; ₹1,300 in Business Standard
- Market-value increase
- ₹1.83 lakh crore
- Reliance market value
- ₹17.57 lakh crore
- Nifty 50 close
- 23,440.8, up 1.68%
- Jio Platforms stake
- Reliance’s 64.5% stake was valued at ₹8.37 trillion
4 sources
Reliance surges 11.6% as strong Q2 earnings add Rs 1.83 lakh crore in market value
Reliance Industries takes the wheel, surges 12% to steer benchmarks higher
Ambani tops Forbes' global billionaire gainers list with $7B wealth jump as Reliance shares soar
Reliance Industries Surges Most in Nine Months on Earnings Beat
What people are saying
Reliance has witnessed a breakout from its recent consolidation phase, accompanied by significant volumes, indicating a potential shift in chart structure and early signs of technical bottom formation
RIL reported a strong set of 2QFY27 results on the back of strong O2C performance and in-line performance of the recently listed Jio Platforms business
Given the market volatility currently, the Jio rally and listing gains were exceptional.
Earnings upgrades and a recovery in retail growth to mid-teens should re-rate the stock