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Reliance Industries, Jio Platforms Share Price: Shares of Mukesh Ambani-led Reliance Industries and Jio Platforms, two of India's biggest companies by market capitalisation, surged up to 6 per cent on Monday after both companies reported an increase in net profit for the quarter ended September 30, 2026.
In early trade on Monday, Reliance Industries shares jumped 5 per cent, or Rs 58.45, to trade at Rs 1,222. The stock touched an intraday high of Rs 1,234, gaining over 6 per cent from its previous close of Rs 1,163.55.
Meanwhile, Jio Platforms shares rose 1.6 per cent, or Rs 22.45, to trade at Rs 1,453.65. The stock touched an intraday high of Rs 1,476.15, marking a gain of around 3.1 per cent during the session.
Reliance Industries reported a 40.6 per cent year-on-year increase in consolidated net profit to Rs 25,548 crore in the second quarter of FY27, supported by stronger refining margins and growth in its digital services business.
The company's revenue from operations reached a record Rs 3.38 lakh crore, marking a 28 per cent rise compared with the year-ago period.
Jio Platforms reported a 13.7 per cent year-on-year increase in net profit to Rs 8,389 crore for the September 2026 quarter. This marked the company's first quarterly results announcement since its stock market debut.
Revenue rose 11.4 per cent to Rs 40,475 crore, driven by subscriber additions, higher average revenue per user (ARPU) and growth in digital services.
Reliance Industries, Jio Platforms Outlook
Brokerages have shared their outlook on Reliance Industries and Jio Platforms following the announcement of their results for the quarter ended September 30, 2026. Their recommendations and share price targets provide an indication of their respective views on the two stocks.
| Brokerages | Recommendation | Target Price | Upside% |
| Emkay | BUY | Rs 1,550 | 33.1% |
| PL Capital | BUY | Rs 1,490 | 27.9% |
| Equirus Securities | LONG | Rs 1,537 | 31.9% |
| Motilal Oswal Financial Services (MOSL) | BUY | Rs 1,520 | 30.5% |
| Nuvama | BUY | Rs 1,703 | 46.2% |
Overall, brokerages remain bullish on Reliance Industries, with all five firms issuing positive recommendations and share price targets indicating a potential upside of 27.9 per cent to 46.2 per cent from the current market price of Rs 1,164.90. Nuvama has the highest target of Rs 1,703, implying an upside of 46.2 per cent, followed by Emkay at Rs 1,550 and Equirus Securities at Rs 1,537. Meanwhile, MOSL and PL Capital have set share price targets of Rs 1,520 and Rs 1,490, respectively.
Jio Platform share price target
Motilal Oswal Financial Services (MOSL) has maintained a BUY rating on Jio Platforms, with a share price target of Rs 1,515, reflecting an upside of about 6 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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