Reliance Industries shares skyrocket 12%, record biggest single-day jump since April 2020 as Q2 earnings spark Rs 2 lakh cr rally
Reliance Industries shares surged 12% following strong Q2 earnings, marking the company's largest single-day gain since April 2020. The rally added Rs 2 lakh crore to its market capitalization, driven by robust performance in the oil-to-chemicals segment.
Why it matters
As India's most valuable company, Reliance's performance is a key indicator of the health of the Indian stock market and broader economic sentiment.
Shares of Reliance Industries (RIL) rallied nearly 12% on Monday, with the stock recording the sharpest single-day surge since April 2020, after the Mukesh Ambani-led conglomerate’s Q2 earnings impressed Dalal Street investors.Reliance Industries’ sharp gains added nearly Rs 2 lakh crore to the total market capitalisation of India’s most valuable company, pushing it closer to Rs 17.6 lakh crore. The company's shares jumped to Rs 1,300 apiece on the NSE, the highest level seen by the stock since early September this year.This comes after the oil-to-chemicals conglomerate reported a 41% year-on-year (YoY) rise in consolidated net profit to Rs 25,548 crore in the July-September quarter of FY27, compared with Rs 18,165 crore in the year-ago period.
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