Reliance Industries Ltd (RIL) shares surged more than 6 percent in early trade on Monday, following the company's record Q2 FY27 earnings and bullish outlook from brokerages. The stock emerged as the top gainer and the biggest positive contributor to the Nifty 50 index, while also becoming the most actively traded stock on both the NSE and BSE.
Reliance Industries shares were trading at Rs 1,242, up 6.6 percent, in early morning deals. The Mukesh Ambani-led conglomerate's market capitalisation stood at Rs 16.77 lakh crore.
The rally in Reliance shares drove a broader market surge. At around 9:40 am, the Sensex was up 966 points, or 1.3 percent, at 75,426, while the Nifty gained 255 points, or 1.1 percent, to trade at 23,309.
Reliance Industries reported its strongest-ever quarterly financial performance for the July-September quarter (Q2 FY27), with record revenue, EBITDA and net profit, driven by robust growth in its oil-to-chemicals (O2C) business, digital services and retail operations. Consolidated revenue surged 28 percent year-on-year to an all-time high of Rs 3.62 lakh crore, while EBITDA increased 24 percent to a record Rs 62,409 crore. Net profit jumped 34 percent to Rs 29,550 crore, also a quarterly record.
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