Reliance Industries Shares Surge 6% After Strong Q2 Results; Analysts See Upside

Economic Times Markets · stocks

Reliance Industries Ltd (RIL) shares climbed 6% to Rs 1,234 following a 41% year-on-year increase in consolidated net profit to Rs 25,548 crore for the September quarter. This growth was primarily fueled by robust performance in its oil-to-chemicals and digital services segments. Revenue also saw a significant 29% YoY jump to Rs 3.32 lakh crore. Analysts at Jefferies and Nomura have maintained positive ratings, citing strong O2C segment contributions and potential for stock re-rating, with Jefferies projecting up to 47% upside.