Reliance Rally Continues as Shares Close at ₹1,307.90

Reliance Industries (

) continues to attract market attention following its strong quarterly results and sharp rally. After surging 11.6% on November 2 to ₹1,300, the stock extended its gains on November 3, closing at ₹1,307.90, up 0.61%. Despite intraday profit-booking pressure, RIL managed to finish the session higher. What’s driving the momentum? • Strong Q2 FY27 results: Reliance reported gross revenue of ₹3.62 lakh crore, EBITDA of ₹62,409 crore and profit after tax of ₹29,550 crore. PAT increased approximately 33.8% year-on-year. • Improved business performance: Strong contributions from its energy and digital businesses supported the quarterly performance. • Positive investor sentiment: The earnings announcement triggered renewed buying interest and strong brokerage commentary. Professional opinion: The recent rally appears to be backed by strong earnings growth and improving investor sentiment. Reliance’s diversified business portfolio and operating performance remain important long-term strengths.