Reliance Industries Share Price Rises 3.53% to Rs. 1,466.80 Amid Growth Across Jio, Retail, and Oil Segments

Overview:

• Reliance recorded a 9.9% YoY topline growth to Rs. 283,548 crore, while Jio and Retail were driving the growth momentum.

• RIL (Reliance Industries Ltd) raised Middle Eastern crude procurement, indicating diversification amidst global trade realignments and Western pressure on Russian imports.

• With 66% 'Buy' ratings and good fundamentals, Reliance is likely to continue long-term growth led by technology, retail, and clean energy growth.

Reliance Industries' share price is trading near Rs. 1,466.80 at the time of press. It is 3.53% higher than the previous session's close of Rs. 1,416.80. In intraday trade, the shares hit a high of Rs. 1,473.80 and a low of Rs. 1,433.30, with a high trading volume of 24.7 million shares. Reliance Industries (RIL) shares’ price hike came on growing investor confidence amid strong Q2 results and a strategic change in crude procurement. 

Reliance is one of the most valuable Indian firms, with a market cap of Rs. 19.84 lakh crore. Analysts on Moneycontrol were optimistic, with 66% recommending a ‘Buy’ and 26% suggesting an ‘Outperform’ rating for the Reliance share price. The positive ratings show general optimism surrounding the company's growth path. Let’s see how the stock performed in detail based on Moneycontrol data.

RIL Q2 Results Boost Market Sentiment

Reliance Industries’ gross revenue surged 9.9% year-on-year to Rs. 283,548 crore ($31.9 billion) in the second quarter. The growth was backed by the company’s diversified business segments, telecom, retail, and oil-to-chemicals (O2C).

Market analyst Seema Srivastava observed that "Reliance Industries Limited has delivered a strong performance, led by excellent execution and diversified streams of earnings."

The digital business of the company, Jio Platforms Limited (JPL), grew 14.9% year-on-year in revenue. It was driven by sustained subscriber additions, rising Average Revenue Per User (ARPU), and growth in its digital services ecosystem.

Reliance Retail Ventures Limited (RRVL) also showed growth of 18% year-on-year, driven by robust consumer demand across categories. Its grocery and fashion businesses led the way with high growth rates of 23% and 22%, respectively.

Consolidated level EBITDA increased 14.6% YoY to Rs. 50,367 crore ($5.7 billion), reflecting the company's operational efficiency and robustness. However, the Oil and Gas segment registered a marginal fall in revenue of 2.6%, mainly because of the natural decline in the KG-D6 block production and weaker condensate realizations. But RIL continues to be optimistic about its long-term energy plans, backed by its new energy and green hydrogen ventures to come.

Reliance share price chart on Moneycontrol shows gains of 0.27% as of 1.55 PM:

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Refining Strategy Shifts in the Face of Global Pressures

In a major strategic adjustment, Reliance has recently stepped up its acquisitions of Middle Eastern crude oils such as Iraq's Basrah Medium, Al-Shaheen, and Qatar Land. The firm allegedly purchased about 2.5 million barrels last week, representing a significant departure from its previous dependence on Russian discounted crude.

Industry reports indicate that the change comes following increased Western pressure on India to reduce Russian oil imports, in addition to changing geopolitical threats and impending EU sanctions against fuel produced from Russian crude.

Reliance has also negotiated with several suppliers to source alternative oil grades of comparable quality to Russian grades. Although it has been the top Indian buyer of Russian crude, this diversification is considered a positive step to protect refining operations and preserve export competitiveness.

Also Read: Reliance Q2 Results Preview: Revenue and Profit Expected to See Double-Digit Growth

Analyst Outlook: Outperform Rating and Long-Term Confidence

Reliance stock’s financials suggest good fundamentals. The company has a TTM PE of 23.89 and P/B of 2.42, both lower than the industry average of 35.94, suggesting upside in terms of valuation. The book value per share is Rs. 605.55, and the company pays a dividend yield of 0.37%.

Reliance Industries' share price reflects moderate volatility relative to the broader market with a beta of 1.17. Technical indicators for the stock showed immediate support around Rs. 1,442 and resistance near Rs. 1,482, suggesting limited downside risk. Market experts believe the company’s focus on technology-driven growth, retail expansion, and clean energy transformation will boost earnings further.

As Mukesh D. Ambani, Managing Director and Chairman, frequently points out, Reliance's vision is to ‘create value for all Indians through innovation, technology, and sustainable growth.’ Bolstered by solid fundamentals, diversified business drivers, and a sound strategic vision, Reliance Industries seems ready to sustain long-term outperformance.

FAQs

1. Why did the Reliance Industries share price rise today?

Reliance shares rallied more than 3.5% supported by robust Q2 FY26 results, diversified growth in Jio and Retail, and enhanced investor positivity towards its strategic business initiatives and earnings predictability.

2. What were the key highlights of Reliance's Q2 FY26 results?

Reliance posted a 9.9% YoY increase in gross revenue at Rs. 283,548 crore on the back of a 14.9% increase in Jio revenues and an 18% improvement in retail business performance across the major categories.

3. How did Reliance shift its crude sourcing strategy?

The firm boosted crude acquisitions from the Middle East in recent times, acquiring about 2.5 million barrels, cutting back on Russian oil as the world faces sanctions and changing trade threats.

4. What do analysts believe regarding Reliance stock’s prospects?

The majority of the analysts are still optimistic, with 66% suggesting a ‘Buy.’ Its solid fundamentals, low P/E, and consistent diversification make it a popular long-term choice for most portfolios.

5. Will Reliance shares rise in the near future?

Analysts feel that Reliance's emphasis on technology, clean energy, and retail expansion will continue to drive its momentum. But there can be short-term oscillations because of global oil patterns and market turbulence.