Reliance Industries Ltd (RIL) saw its market capitalisation cross Rs 17 lakh crore on Monday, as its shares surged more than 8 percent intraday following record Q2 FY27 earnings and bullish brokerage calls. The stock recorded its biggest intraday gain in over six years, since April 2020. It emerged as the top Nifty gainer and the biggest positive contributor to the benchmark index today.
Reliance Industries shares climbed to an intraday high of Rs 1,259, up 8.1 percent, taking the Mukesh Ambani-led conglomerate's market capitalisation to approximately Rs 17.05 lakh crore. The stock was also the most actively traded on both the NSE and BSE.
The sharp rally in RIL stock drove broad gains in the equity market. At 11:20 am, the Sensex was up 966 points, or 1.3 percent, at 75,425, while the Nifty gained 274 points, or 1.2 percent, to trade at 23,327.
Reliance Industries reported its strongest-ever quarterly financial performance for the July-September quarter, with record revenue, EBITDA and net profit, supported by robust growth in its oil-to-chemicals (O2C) business, digital services and retail operations.
Share Markets Live Updates | Sensex, Nifty, GIFT Nifty Today