Reliance Industries shares jump 2% ahead of Mukesh Ambani-led company’s Q1 earnings. How to trade stock today?

Reliance Industries (RIL) shares jumped more than 2% on Friday morning as India's most valuable company is all set to announce its results for the April-June quarter of FY27 today.

The company's shares rose to Rs 1,323.70 apiece on the NSE. The Mukesh Ambani-led company will likely release its Q1 results for the ongoing financial year 2027 in the post-market hours of Friday. Analysts expect the company to report steady performance, driven by a recovery in its oil-to-chemicals business and continued growth in digital services, even as retail growth remains muted and oil and gas earnings decline.

How Reliance Industries shares reacted to earnings in previous quarters

Before Reliance Industries released its results for Q4 FY26 on April 24 this year, the shares of the company dropped more than 1%. However, even after the company reported a 13% year-on-year (YoY) decline in its consolidated net profit at Rs 16,971 crore, the shares jumped 3% in the next trading session. The stock gained more than 10% in the week that followed, recording the best week after earnings over the nine quarters.


However, the heavyweight stock has mostly delivered negative returns in the week that follows quarterly earnings. One of the sharpest such weekly declines in nine quarters was seen in January this year, when Reliance Industries shares crashed around 5% in the week following the release of the Q3 FY26 results. Prior to that, the shares recorded a weekly decline of nearly 6% after Q1 earnings of FY26 in July last year.


Looking at how the stock traded over the past nine quarters, RIL shares have mostly traded in the range of -2 to +1% on the day of the results, while the stock saw higher movement on the session that followed, trading in the range of -3% to +5%.

Technical view on Reliance Industries share price

Reliance Industries (RIL) shares recorded marginal gains to close at Rs 1,296.60 apiece on NSE on Thursday. The stock has gained around 1.6% in one week, but declined more than 2% in one month and 17.5% in 2026 so far.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that RIL has been consolidating in a Rs 1,311–1,287 range over the past five trading sessions. During this phase, the 20-day EMA has acted as a strong resistance, capping every recovery attempt, he highlighted.

“The ADX remains flat, indicating a lack of trend strength and subdued volatility, while the MACD slope is also flattening, reinforcing the ongoing sideways bias. A decisive breakout or breakdown beyond the current range is likely to determine the stock's next directional move,” according to the analyst.

Also read:Reliance Retail ordered to pay Rs 5,500 after charging Rs 1.80 extra for Patanjali biscuits during promotion

What to expect from RIL Q1 earnings?

Brokerages estimate Reliance Industries’ consolidated EBITDA to increase in the range of 4–10% year-on-year (YoY) in Q1 FY27. The key driver is expected to be the O2C business, supported by stronger refining margins, tighter petrochemical spreads, a weaker rupee and benefits from the SEZ refinery. IPO-bound Jio is also likely to support earnings through a higher average revenue per user and subscriber additions.

Retail, however, may remain a soft spot due to weak consumption trends and margin pressure. The upstream oil and gas business is expected to decline from last year due to lower production from the KG-D6 block.

Also read |RIL Q1 preview: Will strong O2C performance drive overall earnings growth?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)