Reliance's equity capital grew by 7% after the publication of second-quarter results

Shares of Reliance Industries, the largest company by market capitalization, showed the sharpest intraday growth in the last three years, reaching 7.12 percent, or ₹1,246.45, according to BSE data. This surge occurred on Monday after the company presented strong financial results for the quarter ending in September 2026.

According to BSE data, the largest capitalized asset recorded its most significant intraday jump since January 29, 2024, when it rose by 7.18 percent. Previously, on February 3, 2026, shares also increased by 7.11 percent.

At 10:04 AM, RIL led among Sensex and Nifty 50 stocks, showing a rise of 6.1 percent compared to the benchmark indices' rise of 1.2 percent. Trading volume was very high, with turnover of 42.59 million shares on NSE and BSE.

RIL's Second Quarter Results

RIL reported high double-digit growth in both consolidated and standalone revenue and net profit for the July-September 2026 quarter (Q2FY27). The growth was driven by a sharp increase in prices for transport fuel and petrochemical products (petchem). These results exceeded analyst forecasts, and profits and earnings before interest, depreciation, and taxes (PBIDT) reached record levels.

Consolidated net profit attributable to the company's shareholders grew by 40.6 percent year-over-year (YoY) to a record ₹25,548 crore in Q2FY27, compared to ₹18,165 crore in Q2FY26 and ₹20,946 crore in Q1FY27. Meanwhile, the company's declared net profit increased by 33.8 percent year-over-year to ₹29,550 crore.

RIL's consolidated net revenue also rose by 29.8 percent year-over-year, reaching an all-time high of ₹3.31 trillion in Q2FY27, higher than the previous year (₹2.55 trillion) and Q1FY27 (₹3.09 trillion), and exceeding the forecast of ₹3.14 trillion.

The Oil-to-Chemicals (O2C) division, which includes refining and petrochemical products, contributed over 80 percent to the year-over-year growth in RIL's consolidated gross revenue and earnings before interest and taxes (Ebit) in Q2FY27.

Broker Opinions on RIL

Analysts at Jefferies noted that the O2C division performed strongly, helping consolidated EBITDA surpass estimates by 6 percent, although the Retail segment lagged by 6 percent. They suggested that the growth in the main Retail segment and EBITDA decreased year-over-year due to the shift in the holiday season and ongoing pressure from QC construction. Jefferies analysts predict an increase in O2C profitability during winter due to refinery infrastructure damage in the Middle East and Russia.

The brokerage firm raised the consolidated EBITDA forecast by 6 percent/2 percent for FY27/28E, believing that the strong momentum in O2C will continue. They also noted that the stock is trading more than 2 standard deviations below the long-term average EV/Ebitda, indicating maximum pessimism. According to Jefferies, an improvement in profit figures and a recovery in growth in the Retail sector to mid-teens could lead to a revaluation of the stock, and they maintain a 'Buy' rating with a target price of ₹1,710.

Equirus Securities analysts maintain a 'Long-Term Hold' rating for RIL, as the recent correction improved the risk-reward ratio, offering a reasonable entry point given the potential for RIL's profit growth in the medium term. While the recovery of O2C and the growth of Jio provide profit visibility, sustained performance in the Retail sector and timely execution of new energy projects remain key factors for the next stage of revaluation.

Motilal Oswal Financial Services expects the digital segment to remain the main growth driver, contributing 80 percent to the increase in RIL's EBITDA, with a projected CAGR of 18 percent for the period FY26-28E. This growth will be stimulated by tariff hikes (by 15 percent in Q4), increased wireless market share, and continuous expansion of offerings for homes and businesses.

Motilal Oswal Financial Services analysts reiterated the 'Buy' rating with a revised target price of ₹1,520 (previously ₹1,560). They believe that RIL is currently trading at a 54 percent discount to its stake in Jio Platforms Limited, which they consider excessive. Although the energy segment provides short-term profit growth, they see the recovery of growth and profitability in Reliance Retail as a key factor for RIL's stock appreciation.

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www.aajtak.inOctober 30, 10:16

Sensex and Nifty Recover After Decline Thanks to Three Factors

The Indian stock market began trading on Friday with a sluggish pace. During the first hour of trading, both major indices—Sensex and Nifty—showed a decline. However, the market soon recovered, and thanks to increased buying, the Sensex rose by more than 500 points, while the Nifty showed a rise of over 150 points. The market was supported by purchases in IT stocks, good results from the Tata group's company Trent, and the strengthening of the rupee.

Initial Sluggishness, Then Market Acceleration

On Friday, October 30, Sensex and Nifty started trading in the green zone. After an initial rise, pressure emerged in the market, and both indices dropped into the red zone for a period. Nevertheless, the return of buyers at low levels allowed the market to recover. During day trading, the Sensex rose to 74,731.42, increasing by 580.38 points compared to the previous close. Nifty reached a high of 23,110.50, showing a rise of 173.75 points. Previously, on Thursday, the market also showed good growth: Sensex closed at 74,151.04, up by 905.01 points or 1.24 percent. Nifty demonstrated an increase of 237.90 points or 1.05 percent, ending trading at 22,936.75.

First Reason for Growth: Purchases in IT Stocks

The IT companies' stocks provided the biggest support to the market on Friday. The Nifty IT sector index rose by approximately 2.3 percent. Interestingly, many Asian markets saw a fall in shares of companies related to artificial intelligence (AI). Investors fear that growing corporate spending on AI may not yield the expected profits in the future. Despite this, Indian IT companies attracted buyers. Analysts suggest that instead of massive AI spending, many foreign firms might focus on cost reduction, automation, and outsourcing. In such a situation, Indian IT companies could receive new orders, which supported the stocks of this sector. Confidence in the sector was also strengthened by Cognizant's stable results in the September quarter. The company's revenue amounted to $5.66 billion, which is 4.8 percent higher year-on-year, and its order volume grew by 4 percent, reaching $28.7 billion.

Second Reason: Stock Rise After Good Results from Trent

Trent's stocks, a retail company of the Tata group, also showed strong demand. After publishing positive results for the second quarter (Q2), the company's shares rose by approximately 6 percent during trading. Trent's results boosted investor confidence and supported market growth. Furthermore, positive reports from some other companies and stable domestic demand strengthened market sentiment. Investors showed interest in individual company stocks.

Third Reason: Market Support from Strong Rupee

At the start of Friday's trading, the Indian rupee strengthened by 7 points against the US dollar, reaching 95.19. The rupee received support due to the weakening dollar and lower yields on American bonds. However, the rupee's rise was limited by rising crude oil prices. On Thursday, the rupee closed at 95.26 per dollar, showing a rise of 2 points. The strengthening of the rupee also brought some respite to the market. Nevertheless, high crude oil prices and ongoing geopolitical tensions in the Middle East remain concerns for investors.

What Will Be Important for the Market Next?

Strong results from individual companies and stable domestic demand are supporting market sentiment. However, high crude oil prices and ongoing tension in the Middle East pose serious risks to the market. Currently, Nifty has risen by approximately 1.6 percent in October, and Sensex by 2.5 percent. Thus, the recovery on Friday brought relief to the market, but further movement will largely depend on second-quarter company results, crude oil prices, and global signals.

www.aajtak.inOctober 29, 13:59

Sensex rose by 900 points as the market showed significant growth against the backdrop of the US Federal Reserve's decision

The Indian stock market demonstrated impressive growth on Thursday, driven by the US Federal Reserve's decision to keep interest rates unchanged. The shift in market sentiment led to a significant recovery.

After the close of trading, the Sensex index reached 74,151.04, showing a rise of 1.24% (905.01 points), while the Nifty climbed by 238 points or 1.05%, reaching 22,936.75. Out of the top 30 BSE stocks, only four declined, whereas 26 stocks showed growth.

Adani Port shares recorded the largest increase, rising by 5%. Additionally, Kotak Mahindra Bank shares increased by approximately 4%. Power Grid, Bajaj Finance, and Eternal shares also posted gains of over 3%. Over 2% growth was also registered in SBI, Hindustan Unilever, Titan, and NTPC shares.

Thanks to this growth, investors realized good profits. The market capitalization of BSE increased from 472 billion rupees to 477 billion rupees, representing an increase in investor invested value of 500 million rupees for the day.

The Fed's decision was a key factor: the Federal Reserve did not change interest rates on Wednesday and decided to postpone any changes in borrowing costs until the US elections next week, awaiting further inflation data, which it stated remains high.

Foreign investors also contributed. Interim data indicates that FPIs purchased Indian stocks worth 872 million rupees ($91.58 million USD) in the second consecutive session on Wednesday. Meanwhile, they sold stocks worth $3.74 billion in October. Domestic Institutional Investors (DIIs) also became net buyers, investing 643 million rupees during the session.

www.aajtak.inOctober 26, 07:46

Sensex and Nifty stock indices experienced sharp fluctuations: strong growth followed a decline

Significant fluctuations were observed in the stock market on Monday. The start of trading surprised traders as both indices initially plummeted, but half an hour into the trading session, the situation changed drastically, and Sensex and Nifty began a rapid ascent, recovering from their fall.

The BSE Sensex, which opened at 72,990, fell compared to last Friday's close of 73,123, beginning its descent. In just five minutes, the index lost 609 points, reaching 72,514. However, after half an hour of trading, the direction of movement reversed, and the decline turned into a rise. By the time of writing, this index had risen by more than 360 points, trading at 73,491.

The NSE Nifty demonstrated similar dynamics. After an initial decrease, it also returned to a growth trajectory. This index, composed of 50 stocks, opened at 22,524, lower than the previous close of 22,600, and then dropped by 213 points to 22,387. Following the rise of the Sensex, it also started to grow, showing an increase of more than 60 points by the time of publication, trading at 22,659.