Reliance Industries Share Price : Shares of Mukesh Ambani-led Reliance Industries witnessed a sharp rally on Monday. The stock gained momentum as soon as trading began and surged by more than 7% within minutes. The rally significantly increased the wealth of the company’s investors. As the share price climbed, Reliance’s market valuation also rose sharply. During the initial trading session, investors’ wealth increased by approximately ₹1.18 lakh crore.

Shares Rise From ₹1,164 to ₹1,252
At the end of Friday’s trading session, Reliance shares closed at ₹1,164.90. On Monday, the stock opened on a strong note and climbed to ₹1,228. Buying activity subsequently increased, pushing the share price to ₹1,252 within minutes. This represented a rise of more than 7% compared with the previous trading session. The sharp rally once again brought Reliance into the spotlight in the stock market.

Investors’ Wealth Increases By ₹1.18 Lakh Crore
The surge in Reliance shares had a direct impact on the company’s market valuation. On Friday, its market capitalisation stood at approximately ₹15.74 lakh crore. During Monday’s early trading session, it climbed to around ₹16.97 lakh crore. This means the company’s market value increased by approximately ₹1.18 lakh crore within minutes. The rise is being viewed as a significant gain in investors’ wealth.

Strong Company Results Provide Major Support
One of the major reasons behind the rally in Reliance shares is believed to be the company’s results for the second quarter of the financial year 2026–27. Between July and September, the company recorded strong growth in its oil and chemicals business, digital services and retail operations. Its total revenue increased by 28% year-on-year to a record ₹3.62 lakh crore. Meanwhile, EBITDA rose by 24% to ₹62,409 crore. The company’s net profit also increased by 34% to ₹29,550 crore.

Brokerage Firms Recommend Buying Reliance Shares
Following Reliance’s strong financial results, several brokerage firms have expressed a positive outlook on the company’s shares. Goldman Sachs, Citi, Jefferies and Nomura are among the brokerages that have recommended buying the stock. They believe Reliance shares could witness further gains in the coming period. However, stock market investments are subject to risk, and brokerage estimates do not guarantee returns.

Goldman Sachs Sets Target Price At ₹1,840
Goldman Sachs has set a target price of ₹1,840 for Reliance Industries shares. Compared with the current level, this indicates a potential upside of approximately 58%. The brokerage’s estimate is based on the company’s strong financial performance and expectations of further business growth. However, the stock’s actual performance will depend on market movements and the company’s future financial results.