RIL shares jump 6%, add Rs 86,400 crore in m-cap; Goldman Sachs sets highest target, sees 58% upside
Goldman Sachs rate stocks including Reliance Industries.
· Business Today Mkts
RIL rose 6.05 per cent to hit a high of Rs 1,234 on BSE. Its market capitalisation swelled Rs 86,405 crore to Rs 16,60,983.80 crore intraday from Rs 15,74,578.54 crore on Friday.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Brokerage calls from Goldman Sachs, with ratings on the stocks named. The stocks: Reliance Industries (RIL).
- The “58% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- Over three months: Reliance Industries (RIL) -9.9% against Oil & Energy -5.7% (4.2 points behind).
- Trading well above normal today: Reliance Industries (RIL) at 3.8 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (RIL)RELIANCE · Oil & Energy | ₹1,254.00 | +7.7% | -1.9% | -9.9% | -21.2% | 3.8× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (RIL)
Prices as of 2 Nov 2026, 12:04 IST. Sector moves are the average of the stocks we track in each sector.
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