📰 ET Markets 🟢 BULLISH 🕒 02 Nov 2026, 09:25 AM IST

Reliance Industries shares rally 6% after Q2 results. Here’s why Jefferies, others analysts see up to 47% upside

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Reliance Industries shares rally 6% after Q2 results. Here’s why Jefferies, others analysts see up to 47% upside

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Market & Financial Impact: Reliance Industries shares rose up to 6% after the company reported a 41% YoY increase in Q2 net profit to Rs 25,548 crore, while revenue climbed 29% to Rs 3.32 lakh crore. The O2C business led earnings growth, with EBITDA surging 68% YoY to a record Rs 25,203 crore, supported by strong refining and petrochemical performance.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Jefferies has maintained its Buy rating on the stock, with a target price of Rs 1,710, implying a potential upside of 47%.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Reliance Industries shares rally 6% after Q2 results. Here’s why Jefferies, others analysts see up to 47% upside

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