17 Jul , 2026 By : Debdeep Gupta
The promoters of Reliance Industries Ltd (RIL) increased their equity stake in the company during the April-June quarter, according to the latest shareholding pattern released by the conglomerate. The promoter group holding rose by 48 basis points during the quarter to 50.48 percent.
Shares of Reliance Industries gained 2 percent in afternoon trade on Friday following the disclosure, making the stock one of the top gainers on the Nifty 50. The gains also came ahead of the company's fiscal first-quarter earnings, which are due later in the day.
Reliance Industries shares were trading at Rs 1,322.50 in afternoon trade, up 2 percent for the session. At the current price, the company commanded a market capitalisation of about Rs 17.87 lakh crore.
The increase in promoter holding comes ahead of a closely watched quarterly earnings announcement, with brokerages expecting a resilient performance from the oil-to-telecom conglomerate for the three months ended June 2026.
The company's oil-to-chemicals (O2C) business is expected to benefit from stronger refining margins and firmer petrochemical spreads during the quarter. However, brokerage estimates differ on the extent to which the improvement in benchmark refining margins will translate into earnings, given operational and policy-related headwinds during the period.
Reliance Jio is expected to remain a key earnings driver, supported by continued subscriber additions and a modest improvement in average revenue per user (ARPU). Reliance Retail is also expected to report healthy revenue growth, although profitability will be closely watched amid continued investments and margin pressure.
Meanwhile, the upstream oil and gas business is expected to remain relatively weak, with lower production volumes likely to weigh on earnings despite the elevated crude oil environment during parts of the quarter.
Beyond headline revenue, EBITDA and profit numbers, investors will watch management commentary on refining and petrochemical margins, Jio's subscriber and ARPU trajectory, retail profitability and updates on the company's new energy businesses.
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