Reliance Industries Q2 results today: Can the old economy rescue the new Reliance?
Reliance Industries set out an expansion in a quarterly results development.
· ET Stocks, Economic Times Markets
Reliance Industries is poised to reveal its Q2 earnings, with anticipation surrounding a notable profit revival in its oil-to-chemicals division. Analysts forecast a rise in consolidated EBITDA, supported by enhanced refining margins and solid petrochemical performance. Jio Platforms should offer consistent contributions, though Reliance Retail may face pressures with shrinking margins.
The analysis
Against that, the stock is -0.8% on the day at ₹1,158.30, and has returned -8.5% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.1% over the same period, so Reliance Industries is running 3.4 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Reliance Industries (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries -8.5% against Oil & Energy -5.1% (3.4 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,158.30 | -0.8% | -1.2% | -8.5% | -27.3% | 0.5× | — |
Oil & Energy
1M -3.8% · 3M -5.1%
Reliance Industries
Chemicals
1M -8.2% · 3M -13.4%
Prices as of 30 Oct 2026, 12:30 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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