{
  "id": 17744881,
  "title": "Reliance shares jump 7% as brokerages maintain bullish view after Q2 results",
  "url": "https://urgent.news/2026/11/02/reliance-shares-jump-7-as-brokerages-maintain-bullish-view-after-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T04:51:15.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/reliance-shares-jump-7-as-brokerages-maintain-bullish-view-after-q2-results/article71655306.ece"
  },
  "original_language": "en",
  "account": "Reliance Industries shares experienced a significant surge of nearly 7%, leading Nifty 50 gainers on Monday following the release of the company's Q2FY27 results. The consolidated net profit rose to an impressive record of ₹29,550 crore, marking a remarkable 33.8% increase year-on-year. Brokerages Jefferies, Kotak, and JPMorgan maintained positive recommendations on the stock, highlighting the strong performance of Reliance's refining and petrochemical businesses.\n\nJefferies raised its target price to ₹1,710 from ₹1,600, while Kotak maintained a buy rating with a target price of ₹1,500. JPMorgan increased its target price to ₹1,675 from ₹1,625 and raised its FY27 and FY28 earnings per share estimates by 10.9% and 5%, respectively. The oil-to-chemicals (O2C) business was identified as the primary driver of the company's strong performance in Q2, with its EBITDA growing by 23% year-on-year to ₹566 billion. However, retail EBITDA declined by 10% year-on-year due to investments in quick commerce and the impact of inflation on margins.",
  "summary": "At 9.51 am, the stock traded at ₹1,238.80 on the NSE after rising to ₹1,244 from ₹1,164.90 previous close",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Reliance soars 7% post Q2 results; sees sharpest intraday rally in 3 years",
        "url": "https://urgent.news/2026/11/02/reliance-soars-7-post-q2-results-sees-sharpest-intraday-rally-in-3",
        "published": "2026-11-02T05:07:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}