Reliance Shares Rally 9.5% After Q2 Results; Sudip Bandyopadhyay Sees Long-Term ₹2,000 Target

Reliance Industries witnessed a sharp rally after reporting a strong set of Q2 results, with its shares rising 9.5% and adding around ₹1.2 lakh crore to its market capitalisation. Sreekanth, Market Expert, believes the stock remains undervalued and sees room for further gains. He points to a strong recovery in the O2C business, steady performance from Jio Platforms and improving prospects for retail as festive demand picks up. He sees the stock settling in the ₹1,350–₹1,400 range in the near term, while the longer-term momentum could take it towards ₹2,000.