Overview

• Reliance reported Q2 FY26 consolidated net profit of Rs 18,165 crore, up 9.6% year on year but down 33% sequentially.
• The stock closed up nearly 4% around Rs 1,467, adding Rs 67,459 crore to market value, according to BSE closing figures.
• Jio Platforms’ profit rose 13% to Rs 7,379 crore and retail earnings climbed about 22%, with refining margins aiding the O2C segment.
• Jefferies, Nuvama, Macquarie and JM Financial reaffirmed Buy calls with targets of Rs 1,785, Rs 1,769, Rs 1,650 and Rs 1,700, while Morgan Stanley flagged scope for a re‑rating.
• Brokerages highlighted that four solar module lines are commissioned, the first cell line is near, and Kutch solar generation is targeted for the first half of next year, with BESS and electrolyser projects expected to add from FY27–FY28.