Reliance Industries Limited achieved a significant milestone on November 26, 2025, as its market capitalization crossed Rs 21 lakh crore for the first time. The company’s stock gained 2 percent, closing at Rs 1,569.75 on the Bombay Stock Exchange, hitting a fresh 52-week high intraday of Rs 1,571.80. This surge marks the continuation of a strong rally, with shares up over 29 percent year-to-date, contributing approximately Rs 4.4 lakh crore to its market value.
The 2025 rally is driven by multiple catalysts including improving refining margins, a telecom tariff hike, and significant growth expectations from the telecom arm Reliance Jio. Jefferies has projected revenue growth of 18 percent and EBITDA growth of 21 percent for Jio between fiscal years 2026 and 2028, backed by rising mobile tariffs, expansion in home broadband via fixed wireless access, and an anticipated IPO planned for the first half of 2026.
Institutional investor interest has further bolstered the stock’s momentum. Foreign institutional investors resumed buying with purchases worth Rs 4,778 crore, complemented by domestic institutional investors acquiring shares worth Rs 6,248 crore, reinforcing a bullish sentiment in the market alongside key banking stocks. This surge in Reliance Industries shares played a pivotal role in lifting broader market indices, including the BSE Sensex and NSE Nifty, to higher closes.
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