Reliance Share Price: RIL Jumps 7% After Record Q2 Results, Biggest Single-Day Rally in 3 Years; Brokerages See Up to ₹1,710
On Monday, 2 November 2026, Reliance Industries (RIL) was the star of the stock market. After record July-September quarter (Q2 FY27) results, the stock jumped 7.12% to ₹1,246.45 on the BSE, its sharpest intraday gain in nearly three years. Around 10 am, Reliance was the top gainer on both the Sensex and the Nifty 50.
Reliance Q2 Results: Key Numbers
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Net profit (attributable to owners) | ₹25,548 crore | ₹18,165 crore | +40.6% |
| Reported net profit | ₹29,550 crore | — | +33.8% |
| Consolidated net sales | ₹3.31 lakh crore | ₹2.55 lakh crore | +29.8% |
Both revenue and profit hit all-time highs and beat market estimates. The street had expected sales of about ₹3.14 lakh crore.
Segment Performance
- Oil-to-Chemicals (O2C): The biggest driver, accounting for over 80% of the year-on-year rise in revenue and EBIT.
- Reliance Retail: Revenue rose 5.8% to ₹80,220 crore, but EBITDA fell 11.1% to ₹5,886 crore and margin slipped to 7.3%.
- Jio (Digital): Brokerages expect Jio to drive future earnings growth; RIL holds a 64.5% stake in Jio Platforms.
What Brokerages Say
| Brokerage | Rating | Target price |
|---|---|---|
| Jefferies | Buy | ₹1,710 |
| Motilal Oswal | Buy | ₹1,520 (from ₹1,560) |
| Equirus Securities | Long | — |
Jefferies raised its earnings estimates for the next two years, while Motilal Oswal expects Jio to lead future growth.
Points for Investors
- Profit-booking is possible after a sharp one-day rally.
- Watch the decline in retail margins.
- Understand your risk appetite and consult a registered financial adviser before investing.
Frequently Asked Questions (FAQ)
How much did Reliance shares rise today?
About 7.12% intraday on 2 November 2026, to ₹1,246.45.
What was Reliance's Q2 profit?
Net profit attributable to owners was ₹25,548 crore, up 40.6%.
What is the Reliance target price?
Jefferies has a target of ₹1,710 and Motilal Oswal ₹1,520.
Should I buy Reliance shares now?
This article is for information only. Make investment decisions based on your situation and advice from a financial adviser.
Note: This article has been written in our own words by the Emitrawala.com team, based on public information and trusted news reports. Figures are as of the time of writing. This article is for information only and is not investment advice. Stock market investments are subject to risk. Emitrawala.com is not a SEBI-registered adviser.
