Image Source: Business Today
Reliance Industries shares rose 1.9% to ₹2,790 on November 12, driven by strong sector momentum and solid Q2 earnings. The company posted a 10% YoY profit rise, with growth in telecom, retail, and O2C segments. Analysts remain bullish on Reliance’s diversified strategy and long-term investment outlook.
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Reliance Industries Ltd (RELI.NS) saw its shares climb 1.9% on Wednesday, reflecting renewed investor confidence and sector-wide optimism. The uptick comes amid broader market gains and sustained strength in Reliance’s core businesses—telecom, retail, and oil-to-chemicals.
Key highlights:
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Stock movement: Reliance shares rose to ₹2,790, up 1.9% intraday, outperforming the Nifty 50 and Sensex benchmarks.
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Sector support: Gains were supported by a rally in energy and telecom stocks, with Reliance’s Jio and retail arms continuing to show robust growth.
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Recent earnings: The company reported a 10% YoY rise in consolidated net profit to ₹18,165 crore for Q2 FY26, driven by strong performance in consumer-facing segments and recovery in its O2C (oil-to-chemicals) business.
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Investor sentiment: Analysts cite Reliance’s diversified portfolio and strategic investments in green energy and digital infrastructure as key drivers of long-term value.
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Market outlook: With stable fundamentals and positive macro signals, Reliance remains a top pick for institutional investors.
The rally underscores Reliance’s resilience and its pivotal role in India’s corporate landscape.
Sources: CNBC TV18, The Hindu Business Line
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