Reliance Industries Limited shares rose by 12 percent on November 2, 2026. At the end of trading, the share closed at a day's high of Rs 1,300.

Following this surge, the market capitalization of Reliance crossed Rs 17.59 lakh crore, resulting in an increase of Rs 2 lakh crore in the company's market capitalization in a single day.

Broader Market Performance

During the same period, the stock market also witnessed strength. The Sensex closed 1,233 points higher at 75,693, while the Nifty closed 388 points higher at 23,441.

Financial Results and Brokerage Targets

On the financial results front, Reliance Industries' profit for the second quarter of 2026-27 rose by 34 percent to reach Rs 29,550 crore. During this period, the company's revenue was recorded at Rs 3.62 lakh crore, an increase of 28 percent.

Based on these results and performance, brokerage firms have issued new estimates. Goldman Sachs has given a target of Rs 1,840 and Nomura has given a target of Rs 1,560 for it.