Reliance Industries Market Cap Crosses Rs 17 Lakh Crore
- RIL market valuation surpassed Rs 17 lakh crore on November 2, 2026.
- Shares rallied over 8% following the release of Q2 FY27 results.
- Consolidated net profit jumped 34% to Rs 29,550 crore.
- The O2C business recorded its strongest quarterly performance with Rs 25,203 crore EBITDA.
- All 32 analysts tracking the stock maintain a 'Buy' recommendation.
Reliance Industries Limited saw its total market valuation surpass the ₹17 lakh crore milestone on Monday, November 2, 2026, as the conglomerate's shares experienced an intraday surge of over 8 percent.
The stock reached an intraday high of ₹1,259 per share, bringing the company's total market capitalization to approximately ₹17.05 lakh crore. While the valuation surged past the ₹17 lakh crore threshold, it stood at approximately ₹16.9 lakh crore by 1:45 p.m..
Reliance Industries emerged as the most actively traded stock on both the National Stock Exchange and the Bombay Stock Exchange. The company acted as the top gainer on the Nifty and was the largest positive contributor to the benchmark index.
At 11:20 a.m. on Monday, the Sensex rose 966 points, or 1.3 percent, to reach 75,425.
This intraday increase of 8.1 percent marks the company's largest gain since April 2020.
Vedanta Oil and Gas debuted on the National Stock Exchange at ₹38 per share on June 15, 2026, with a market capitalization of ₹14,860 crore.
Shares rally over 8% following Q2 results
Reliance Industries shares climbed more than 8 percent during intraday trading on November 2, 2026, following the release of its second-quarter results. The stock reached a high of ₹1,260 on the National Stock Exchange, reflecting an 8.16 percent increase. Later in the session, the shares traded at ₹1,253.40, marking a 7.6 percent rise.
Record Q2 FY27 financial performance reported
The company reported record financial results for the second quarter of fiscal 2027. Consolidated revenue rose 28 percent year-on-year to ₹3.62 lakh crore, according to TradingView. Economic Times reported that revenue from operations grew 6 percent year-on-year to ₹2,488 crore, compared to ₹2,342 crore in the same period last year.
Consolidated EBITDA increased 23 percent year-on-year to ₹56,616 crore, while net profit rose 41 percent to ₹25,548 crore. TradingView reported consolidated EBITDA at ₹62,409 crore, a 24 percent increase, and net profit at ₹29,550 crore, a 34 percent rise. The oil-to-chemicals business generated revenue of ₹2.32 lakh crore, representing a 44.2 percent year-on-year increase.
Segment performance across O2C, Jio, and Retail
The oil-to-chemicals business recorded its highest profitability, with EBITDA surging 68 percent year-on-year to ₹25,203 crore. This segment also saw a 48 percent sequential growth, the sharpest increase in at least 27 quarters, supported by refining margins and petrochemical spreads. Transportation fuel cracks were three to 3.7 times higher than the previous year.
Jio Platforms reported an 11.3 percent year-on-year revenue increase to ₹47,485 crore. Digital services EBITDA rose 18 percent year-on-year to ₹22,200 crore, while Jio Platforms reported a 16.6 percent EBITDA increase to ₹21,879 crore.
Reliance Retail saw its EBITDA decline 10 percent year-on-year and 3 percent sequentially to ₹6,120 crore.
Analyst ratings and target prices remain positive
All 32 analysts tracking the company on Bloomberg maintain a buy rating with a consensus target price of ₹1,569.52, indicating a 25.3 percent potential upside.
JPMorgan raised its target to ₹1,675 and Jefferies maintained its target at ₹1,710. Emkay and Motilal Oswal retained buy ratings despite lowering their target prices.
Goldman Sachs maintained a buy rating with a target of ₹1,840, noting that second-quarter EBITDA exceeded estimates by 9 percent. This target implies a 58 percent upside from the Friday closing price of ₹1,164.90.
Nomura also kept a buy rating and set a target price of ₹1,560.
Historical stock performance context
The company's stock has declined 20.24 percent year-to-date. Over the last 12 months, the shares have fallen 15.75 percent.
Frequently Asked Questions
- RIL Market Cap Crosses Rs 17 Lakh Crore, Shares Rally Up To 8% After Q2 Results: Buy, Sell Or Hold? (ndtvprofit.com)
- Reliance Industries market cap tops Rs 17 lakh crore as shares surge over 8% after record Q2 results (tradingview.com)
- RIL (tavily.com)
- Coal India shares jump 4% after firm records highest-ever monthly coal supplies in October (economictimes.indiatimes.com)
- Vedanta Oil and Gas shares jump 14% in 2 days, m-cap swells by Rs 1,600 crore after Q2 results (economictimes.indiatimes.com)
- RIL Market Cap Crosses Rs 17 Lakh Crore, Shares Rally Up To 8% After Q2 Results: Buy, Sell Or Hold? (ndtvprofit.com)
Add NewsPulse Time as a preferred source on Google