Reliance Industries shares set for biggest-single day jump since April 2020 as Q2 earnings spark Rs 1 lakh crore rally

Reliance Industries shares were set for their biggest single-day gain since April 2020 after Q2 FY27 results, adding nearly Rs 1.2 lakh crore to market capitalisation and reaching Rs 1,252 on NSE. Consolidated net profit rose 41% year on year to Rs 25,548 crore, revenue increased 29% to Rs 3.32 lakh crore, and EBITDA was 9% above Nomura's estimate, although retail missed expectations. Jefferies and Nomura retained Buy ratings with target prices of Rs 1,710 and Rs 1,560, respectively.