Reliance Industries Share Price Outlook-

Industries Limited shares gained strong upward momentum following the announcement of record-breaking second-quarter financial results for FY27. Major global brokerages turned bullish on the stock, citing robust earnings from the oil-to-chemicals (O2C) segment and steady digital subscriber expansion in Jio Platforms. Goldman Sachs maintained a buy rating with a target price, pointing to a strong beat in consolidated EBITDA led by tight fuel markets and improved downstream petrochemical margins. Similarly, Nomura retained its positive call, highlighting multi-decade-high refining cracks and consistent growth in telecom average revenue per user. The oil-to-chemicals segment experienced a significant uplift as global refining margins strengthened considerably during the quarter. Management commentary noted that tighter product markets and robust demand for middle distillates directly supported downstream processing units. Furthermore, petrochemical spreads showed early signs of recovery after several quarters of margin compression, bolstering overall segment profitability. Analysts pointed out that these refining tailwinds are expected to sustain earnings visibility for the energy conglomerate over the coming quarters. Meanwhile, the digital services and telecom arm, Jio Platforms, continued to demonstrate consistent subscriber additions and engagement metrics. Average revenue per user expanded steadily, driven by customer migrations toward higher-tier data plans and increased adoption of 5G services. While retail segment performance remained relatively subdued due to shifts in festive demand patterns and localized spending caution, overall operational outperformance across energy and telecom pillars drove strong institutional buying interest and positive brokerage revisions.