Reliance Shares Surge Over 6% After Record Quarterly Profit Announcement

Times of India · stocks

Reliance Industries shares experienced a significant surge, climbing over 6% in early trade following the company's announcement of a record quarterly profit for July-September. The company reported a consolidated profit of Rs 29,550 crore, a 33.8% year-on-year increase, driven primarily by its oil-to-chemicals business. This strong performance boosted Reliance's market capitalisation by over Rs 1 lakh crore. The rally in Reliance shares also contributed to a broader uplift in the Indian stock market, with the Sensex and Nifty indices showing substantial gains.