Reliance Industries had a standout November, with shares jumping 15% and adding ₹2,37,767 crore to its market value.
This rally kicked off after the company reported a record ₹29,550 crore profit for July-September, a big 33.8% jump from last year.
Oil to chemicals EBITDA surges 67.9%
The main boost came from Reliance's oil-to-chemicals business, which saw EBITDA surge 67.9% thanks to higher global fuel margins and improved petrochemical spreads.
Retail investors have also jumped in (shareholder numbers grew by almost 9% last quarter).
Plus, Jio Platforms made its stock market debut at a solid premium, adding even more buzz around Reliance.