Reliance Industries shares rise over 4% after record quarterly results

what happened

According to TradingView, Reliance Industries shares rose about 4.3% in early trade on Monday, to Rs 1,215. The stock became the largest positive contributor to the Nifty 50 and the most actively traded share on both NSE and BSE. The Sensex climbed roughly 1%, while the Nifty gained 0.9%.

The conglomerate reported record figures for the July to September quarter of fiscal 2027. Consolidated revenue grew 28% to Rs 3.62 lakh crore, EBITDA rose 24% to Rs 62,409 crore, and net profit increased 34% to Rs 29,550 crore. The oil-to-chemicals (O2C) unit led the gains, with refining margins reaching historic highs, while Jio Platforms lifted revenue by 11.3%.

Goldman Sachs and Nomura kept their Buy ratings. Both brokerages cited strong refining earnings and steady telecom growth, while flagging weakness in Reliance Retail.

why it matters

Reliance carries significant weight in the index, so its moves can noticeably shift the benchmark as a whole. Goldman Sachs expects refining margins to moderate in the December quarter as freight costs for very large crude carriers rise, which makes the segment's profitability sensitive to market conditions.

market impact

Reliance shares and Nifty 50: strong results and record refining support the stock and the index

• ▲Reliance Industries shares pressure up — record profit and high refining cracks in the quarterly report
• ▲Nifty 50 pressure up — Reliance was the biggest positive contributor to the index's gain

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