RIL Shares Rise Nearly 2% as Promoters Raise Stake
Shares of RIL climbed to a day high of Rs 1,324.50 on 17 July 2026, buoyed by news of fresh promoter buying ahead of today’s earnings. The rally came after news that the company’s promoters bought more shares in the open market during the June quarter, a move that boosted... The post RIL Shares Rise Nearly 2% as Promoters Raise Stake appeared first on Equitypandit.
Shares of RIL climbed to a day high of Rs 1,324.50 on 17 July 2026, buoyed by news of fresh promoter buying ahead of today’s earnings.
The rally came after news that the company’s promoters bought more shares in the open market during the June quarter, a move that boosted investor confidence just ahead of today’s earnings announcement.
The promoter group increased its holding in RIL by 0.48% during the April-June quarter. The purchases were made through the market and are estimated to be worth between Rs 8,500 crore and Rs 9,000 crore.
This was disclosed in the company’s latest shareholding pattern filed with the exchanges.
With this addition, promoters and the promoter group now hold 50.48% of Reliance Industries, up from around 50% at the end of the March quarter.
The buying stayed within SEBI’s creeping acquisition rules, which let promoters add small amounts of stake over time without needing to make an open offer to public shareholders.
Most of the promoter holding sits with group entities rather than individual family members. Srichakra Commercials LLP remains the largest shareholder in this group with an 11.12% stake.
Three other entities, Devarshi Commercials LLP, Karuna Commercials LLP and Tattvam Enterprises LLP, each hold 8.20%.
On the ownership side more broadly, domestic mutual funds held 10.11% of RIL as of June 2026, while insurance companies together held 9.20%.
Foreign portfolio investors held 17.06%, and retail shareholders accounted for 7.16% of the company.
This development comes right before a big day for the stock. RIL’s board is meeting later today to approve the June quarter results, and an investor call is scheduled to follow.
Even after today’s gains, the stock has had a rough year. RIL has fallen around 17% since the start of 2026, and remains well below its 52 week high of Rs 1,611.80 hit back in January.
As of 14:09 pm, shares of Reliance Industries were trading at Rs 1,319.70 on the NSE, up 1.78% from the previous close of Rs 1,296.60.
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The post RIL Shares Rise Nearly 2% as Promoters Raise Stake appeared first on Equitypandit.
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