Reliance shares jump 12% after record Q2 profit
In short
Reliance Industries shares jumped nearly 12% on Monday after the company said it made a record profit in the second quarter. The stock reached about ₹1,300 and added ₹1.84 lakh crore in market value.
This matters because the rally lifted Reliance’s valuation to ₹17.6 lakh crore. The report does not say what caused the profit jump or whether the share move will hold.
What the reporting says
Reliance Industries shares surged nearly 12% on Monday after the company reported record second-quarter profit. The stock rose to about ₹1,300, adding ₹1.84 lakh crore to market value and lifting its valuation to ₹17.6 lakh crore. The gain was described as its biggest comparable daily rise since April 2020. The reporting does not say what drove the profit jump beyond the result itself.
Why it matters
Reliance Industries shares surged nearly 12% on Monday after a reported record second-quarter profit, with the stock rising to about ₹1,300 and market value increasing by ₹1.84 lakh crore to ₹17.6 lakh crore. The move was described as the biggest comparable daily gain since April 2020. The report does not specify the operating drivers behind the profit or whether the rally can continue.