Reliance Rebounds: RIL Shares Climb 1% in Volatile Trade

Reliance Industries Limited (RIL, RELI.NS), India's most valuable company, saw its shares advance approximately 1% in Monday's early trading session, staging a partial recovery after a sharp 3.77% decline to ₹1,342.80 on February 1. The previous session's selloff was linked to broader market pressure from the Union Budget's STT hike on derivatives and oil sector weakness, where RIL underperformed with a 3.22% day change.

The rebound is bolstered by RIL's solid Q3 FY26 results announced on January 16, showcasing 10% YoY consolidated revenue growth to around ₹162,095 crore ($18 billion), fueled by digital services (Jio), retail expansion, and steady oil-to-chemicals (O2C) performance. Adjusted net profit held steady near ₹18,600 crore, with EBITDA eyed at ₹48,000 crore. Jio added subscribers and ARPU gains, while retail navigated GST adjustments amid festive sales.

Analysts remain upbeat on RIL's diversified portfolio and capex in green energy, new energy, and 5G rollout, positioning it for long-term growth despite short-term volatility.

Key Highlights

• Price Action: Up ~1% intraday after closing at ₹1,342.80 (-3.77%); day's range ₹1,335–₹1,411.
• Q3 Revenue Surge: +10% YoY to ₹1.62 lakh Cr; O2C production +1.7%.
• Segment Strength: Jio EBITDA +2.6% QoQ; retail gross revenue +9% YoY post-adjustments.
• Market Context: Outperforms Nifty amid post-Budget recovery; 52-week range ₹1,115–₹1,612.

Sources: MarketsMojo, NSE India, Economic Times, Tickertape, Business Standard, Yahoo Finance.