Best Mukesh Ambani stock to buy: After the announcement of Q2 Results 2026 and the dream debut of Jio Platforms shares on Dalal Street, stock investors are busy comparing the Q2FY27 earnings of three Mukesh Ambani-led companies — Reliance Industries Ltd (RIL), Jio Platforms Ltd (JPL), and Jio Financial Service Ltd (JFSL). They need to take a quick decision in this regard, as there is strong rebound in the Indian stock market. The key benchmark indices — Sensex, Nifty 50 and Bank Nifty — have been witnessing strong buying since early-morning deals on Monday.
According to stock market experts, after the blockbuster Q2 Results 2026 announced in late October 2026, the top fundamental buy remains Jio Platforms (JPL), with Reliance Industries (RIL) acting as a surprisingly strong defensive value play. They said that Jio Financial Services remains an asset-light, long-term fintech compounding machine. However, following the accounting-driven net profit contraction this quarter, momentum traders will likely rotate capital into the fresh, hyper-clean growth story of JPL or the record earnings of RIL.
Decoding Reliance Industries' Q2 Results 2026, Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “Reliance Industries reported strong YoY growth during the July to September 2026 quarter on the consolidated revenue, EBITDA, and net profit front. This could become possible due to the massive recovery in the Oil-to-Chemicals (O2C) EBITDA, which grew about 70% YoY to around ₹25,200 crore during the September 2026 quarter.”
Gorakshkar said that O2C recovery is expected to continue in the next quarter as well, and hence the market is estimating strong Q3 results 2026 from Reliance Industries.
During the July to September 2026 quarter, Reliance's consolidated revenue grew 27.80% YoY to ₹3,62,268 crore, EBITDA grew 23.9% YoY to ₹62,409 crore, and the Profit After Tax (PAT) or net profit shot up 33.80% YoY to ₹29,550 crore.