Reliance shares surge 7%, eye best single-day gain in over 2 years: What's driving the rally?

What happened: Reliance Industries shares surged 7% after its September quarterly results, with consolidated net profit rising significantly on oil-to-chemicals performance. Key numbers: 7% share gain, best single-day gain in over 2 years; higher refining margins cited. Why it matters: Analysts revised earnings projections upward following the strong results, while retail revenue growth was less robust and JioMart performance stood out.

Reliance Industries shares surged 7% after its September quarterly results, with consolidated net profit rising significantly on oil-to-chemicals performance.

Analysts revised earnings projections upward following the strong results, while retail revenue growth was less robust and JioMart performance stood out.