Reliance Industries jumps 11.6% after record quarterly profit
In short
Reliance Industries shares surged 11.6% after it reported record quarterly profit. The move added ₹1.83 trillion to its market value, and its 64.5% stake in Jio Platforms was valued at ₹8.37 trillion.
This matters because a big jump in RIL can lift the wider market. The reporting does not say the exact profit number or whether the share move will last.
What the reporting says
Reliance Industries shares surged 11.6% after a record quarterly profit, adding ₹1.83 trillion to its market capitalisation. The available reporting also says its 64.5% stake in Jio Platforms is valued at ₹8.37 trillion. The immediate consequence is a strong lift in RIL’s market value and a positive move for benchmarks, while the underlying profit figure is not stated in the available reporting.
Why it matters
Reliance Industries shares surged 11.6% after record quarterly profit, adding ₹1.83 trillion to its market capitalisation. The reporting also values its 64.5% stake in Jio Platforms at ₹8.37 trillion. That is significant for Reliance, Jio Platforms’ implied valuation, and broader Indian equity benchmarks. The available reporting does not state the profit amount or give further details on what drove the record result.