Reliance Industries share price surged nearly 3% on Diwali 2025, reaching an intraday high of ₹1,460.60 after the company announced strong Q2 FY26 results. The stock opened with a gap-up at ₹1,440 on the NSE, demonstrating strong investor confidence following the earnings release.
Key Takeaways
- Reliance share price gained ~3% intraday, touching ₹1,460.60
- Strong Q2 FY26 results drove the rally with 9.9% revenue growth
- Experts see potential for further upside if stock closes above ₹1,460
What’s Driving the Reliance Share Price Rally?
Market experts had anticipated the positive movement. “A gap-up opening for Reliance share price was expected after the strong Reliance Industries Q2 results 2025,” said Seema Srivastava, Senior Research Analyst at SMC Global Securities. She noted that even Reliance DRC shares on the London Stock Exchange ended 2.84% higher at $65.20 apiece following the results announcement.
Reliance Q2 FY26 Performance Highlights
The company delivered robust quarterly results with several key achievements:
- Revenue Growth: Gross revenue increased 9.9% YoY to ₹283,548 crore ($31.9 billion)
- Jio Platforms: Revenue grew 14.9% YoY driven by subscriber growth and ARPU improvement
- Reliance Retail: Revenue increased 18% YoY with grocery (23%) and fashion (22%) leading growth
- EBITDA: Jumped 14.6% YoY to ₹50,367 crore ($5.7 billion)
The Oil and Gas segment saw a 2.6% revenue decline due to production challenges in KGD6 and lower price realization. However, Chairman Mukesh Ambani emphasized the company’s technology leadership and commitment to delivering benefits to all Indians through new growth engines in energy, media, and consumer brands.
Reliance Share Price Target and Outlook
Sumeet Bagadia, Executive Director at Choice Broking, expects the rally to continue. “Reliance share price is facing a hurdle at ₹1460. On breaking above this resistance, the Sensex heavyweight may soon touch ₹1500 apiece levels,” he stated.
For existing investors, Bagadia recommends holding the stock with a stop loss at ₹1,425. The key resistance level of ₹1,460 remains crucial – if the stock closes above this level and reaches ₹1,500, it could potentially approach its lifetime high of ₹1,551.
