Diwali cheer! Mukesh Ambani gets $8.5 billion richer in a day as RIL shares soar
Reliance Industries moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets
Mukesh Ambani experienced a significant increase in wealth following a rally in Reliance Industries shares. The company's stock rose by 11.64%, marking its strongest gain in over six years. Reliance's quarterly earnings surpassed expectations, especially in its oil-to-chemicals and telecom sectors.
The analysis
Reliance Industries reported movement of 11.64%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +11.6% on the day at ₹1,300.00, and has returned -0.6% over three months. It sits 18% below its 52-week high. The oil & energy sector has moved -4.2% over the same period, so Reliance Industries is running 3.6 points ahead of 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 -0.6% against Oil & Energy -4.2% (3.6 points ahead).
- Trading well above normal today: Reliance Industries at 4.7 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,300.00 | +11.6% | +11.3% | -0.6% | -18.4% | 4.7× | — |
Oil & Energy
1M -0.4% · 3M -4.2%
Reliance Industries
Financial Services
1M -5.1% · 3M -13.9%
Chemicals
1M -7.8% · 3M -12.9%
Telecom & Media
1M +2.1% · 3M +0.7%
Prices as of 2 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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