Reliance Industries share price: Reliance Industries share price declined over 1% in intraday trade on Tuesday, November 3, on profit booking after rallying nearly 12% in the previous session. The stock fell as much as 1.3% to an intraday low of ₹1,281.55 on the NSE, giving back some of Monday's sharp gains.
Reliance Industries shares had surged 11.6% on Monday to close at ₹1,300, their highest level since early September. The rally marked the stock's biggest single-day gain since April 2020 and helped lift the Nifty 50 by 1.7%, given the company's heavyweight presence in the index.
The sharp rebound also added ₹1.84 lakh crore to Reliance Industries' market capitalisation, taking it to ₹17.6 lakh crore and helping it retain its position as India's most valuable listed company. At its peak of ₹1,611, the company had commanded a market capitalisation of ₹21.8 lakh crore. It had crossed the ₹21 lakh crore milestone in June 2024, becoming the first Indian company to achieve the feat.
Despite Monday's rally, Reliance shares remain down 17.22% so far in 2026. The stock had been under pressure for much of the year, closing lower in eight of the previous 10 months. The latest gains followed the company's record quarterly profit, which renewed investor interest in the stock.
Reliance Industries reported a record consolidated profit after tax (PAT) of ₹29,550 crore for Q2FY27, marking a 33.8% increase from ₹22,092 crore in the year-ago quarter. Revenue rose 27.8% year-on-year (YoY) to ₹3,62,268 crore, while EBITDA increased 23.9% to a record ₹62,409 crore.