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

Reliance Industries shares are set for their biggest single-day jump since April 2020, after the company reported outstanding Q2 earnings for FY27. The shares surged nearly 7.5% following the announcement of a 41% yearly increase in net profit to Rs 25,548 crore and a 29% rise in revenue to Rs 3.32 lakh crore. This rally has helped Reliance rebound from a 52-week low, and many international brokers are holding onto 'Buy' ratings, anticipating considerable upside for the stock.

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Reliance Industries reported outstanding Q2 results, with a 41% yearly increase in net profit, which could lead to increased investor confidence. The company's strong earnings sparked a rally in its shares.

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