Abhishek Basumallick, Co-founder & Fund Manager at Shree Rama Managers, says Reliance Industries is witnessing one of its strongest rallies since 2020 and is on track for its biggest annual bull run. The stock is already up around 26% in 2025, adding nearly ₹4.5 lakh crore to market capitalization, driven largely in the last couple of months. He attributes the momentum primarily to strong performance in the telecom business, improving refining margins, and growth traction in Jio Financial. He adds that Reliance Retail, after heavy investments, is expected to contribute meaningfully to cash flows. With supportive sentiment and factors like GST cuts, Reliance appears well-positioned in the near term.
According to Mayuresh Joshi, Head of Equity Research at William O'Neil India, two key elements are currently driving sentiment around the stock: the halt in Russian oil intake and movements in the Singapore Gross Refining Margin (GRM).
Stocks including Reliance Industries, Swiggy, TCS, MTAR Tech, ITC, Welspun Corp, NTPC, Bharat Electronics, LTIMindTree, DLF and more will be in the spotlight on Friday, October 31.
The RIL-led retail chain probably has become the largest in the country with its vast network and strategically located dark stores.
Suzlon Energy, which has 55,69,839 retail investors as of latest disclosures, declined 22 per cent in Samvat 2081. Tata Power has lost 10 per cent while JIO Financial Services Ltd declined 5 per cent in the Hindu calendar.
Reliance Retail logged a 19% rise in Q2 business revenue at Rs 90,544 cr against Rs 76,325 cr.
Indian luxury is booming, with conglomerates like Reliance Industries, Tata Group, and Aditya Birla Group expanding aggressively. The $10 billion market is projected to triple by 2030. Reliance leads with global brands and luxury malls; Tata is growing through Titan and Tata Cliq Luxury. At the same time, Aditya Birla is focusing on fashion and ethnic wear, each using unique strategies to capture this flourishing segment. Will the fight for market dominance unlock India's true luxury potential?
Business Today’s Luxury Edition dives deep into India’s fast-evolving world of luxury. As global and homegrown brands compete to capture India’s surging appetite for premium experiences, the country’s luxury hospitality and retail sectors are witnessing unprecedented growth. From the rise of opulent hotels and exclusive fashion houses to the strategic moves by conglomerates such as Reliance, Tata and Aditya Birla, India’s luxury landscape is undergoing a transformation. With the market projected to triple by 2030, this edition explores how competition, innovation and shifting consumer aspirations are redefining what luxury means in modern India.
Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited, noted that with India’s GDP growth reaching 7.8% in the first quarter of the financial year, the reforms could further accelerate the economy, potentially pushing growth closer to double digits.
Global giants like Google and Meta had invested $20 billion in Jio Platforms in 2020, which houses Reliance’s digital and telecom assets, at a solid $58 billion valuation.
Reliance Industries chairman Mukesh Ambani announced that Reliance Jio is preparing for its IPO in the first half of 2026, potentially making it the largest in Indian history. Valued at over ₹10 lakh crore, Jio aims to raise around Rs 52,000 crore, attracting marquee investors and global capital.





