Macro Finance
Reliance Shares Hit Nine-Month High as Iran War Boosts Refining
Bloomberg Markets·November 2, 2026·1 min read
Shares of Reliance Industries Ltd. jumped the most in nine months after the company's earnings beat analyst estimates, driven by strong performance in its oil-to-chemicals business. The rally pushed the stock to a nine-month high, reflecting investor optimism about the conglomerate's refining margins and overall profitability despite market volatility.
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