Reliance Industries Share Price Hits Record High: 29% Surge Pushes Market Cap to ₹21 Lakh Crore

Shares of Reliance Industries Limited (Reliance Industries Shares) have set another record. Today, Wednesday, November 26, RIL shares rose 2 percent, taking the company's market capitalization to ₹21 lakh crore. Shares of the company, which has a strong market share, closed at ₹1,569.75, up 1.99 percent on the BSE.

During trading, it rose 2.12 percent to ₹1,571.80, its 52-week high. On the NSE, the company's shares rose 1.96 percent to ₹1,569.90. During trading, the company's market capitalization reached ₹21,24,259.89 crore, its 52-week high. This is the second consecutive day of gains for Reliance Industries.

Reliance Industries Share Price Today: All Key Numbers

• BSE Closing Price: ₹1,569.75 (+1.99%)

• Intraday High: ₹1,571.80 (52-week high)

• NSE Closing Price: ₹1,569.90 (+1.96%)

• Market Capitalization: ₹21,24,259.89 crore

• Consecutive Gains: 2nd day in a row

Impact of Reliance Industries Share Price on Sensex & Nifty

1. Sensex: +1,022.50 points (+1.21%) → 85,609.51
2. Nifty 50: +320.50 points (+1.24%) → 26,205.30, now just 10 points away from its all-time high.

Reliance Industries Share Price Delivers 29% Return in 2025

It closed with a gain of 0.21 percent on the BSE on Tuesday. Reliance shares have gained more than 29 percent so far this year. The stock's rally has played a significant role in driving the stock market higher.

• The 30-share BSE Sensex rose 1,022.50 points, or 1.21 percent, to close at 85,609.51.
• During trading, it had risen as much as 1,057.18 points.
• The 50-share NSE Nifty gained 320.50 points, or 1.24 percent, to close at 26,205.30.
• The Nifty is just 10 points shy of its all-time high.

JP Morgan’s Big Bet on Reliance Industries Share Price

JP Morgan, the brokerage firm of the world's largest bank, has placed a big bet. JP Morgan reiterated its "overweight" rating on Reliance Industries and expects strong earnings in 2026.

The brokerage said Reliance Industries' valuation remains attractive. Reliance Industries comprises Jio, Reliance Retail, and the oil-to-chemicals business.

According to data from a recent Reuters report, the average analyst rating for Reliance Industries shares remains 'BUY', and the average target price is ₹1,685.

JP Morgan Key Highlights:

• Expects strong earnings growth in FY26

• Says valuation remains attractive

• Positive outlook on Jio, Retail & O2C segments