Reliance Industries shares hit 52-week high; here are all the latest developments investors should know

At 11:40 AM, RIL shares were trading at ₹1,577.40 apiece on the National Stock Exchange, rising 0.45%.

In the last five trading sessions, the stock has risen 1.2%, while in the last six months, the shares have surged more than 3%. On a year-on-year basis, RIL shares have soared over 29%.

The Mukesh Ambani-led firm has a market capitalisation of ₹21.35 lakh crore.

Here are some of the latest developments from RIL

This week, on December 30, Reliance Industries chairman Mukesh Ambani unveiled a draft Reliance AI Manifesto, outlining an ambitious plan to transform the conglomerate into an AI-native deep-tech enterprise while driving a tenfold improvement in productivity for over 6 lakh employees and a 10x impact on India's economy and society.

Calling artificial intelligence "the most consequential technological development in human history", Ambani said the oil-to-yarn and retail-to-telecom conglomerate aims to lead India's AI revolution, just as it led the country's digital transformation.

The group's stated resolve is to deliver "affordable AI for every Indian", embedding AI across businesses while ensuring safety, trust and accountability.

"At Reliance, we have embarked on a path to transform ourselves into an AI-native deep-tech company with advanced manufacturing capabilities," he said. "To pursue this resolve, we have prepared a draft of the Reliance AI Manifesto. This draft is a guide to an action plan."

The manifesto's Part I focuses on internal transformation, positioning AI not as a technology project but as a new way of working.

Reliance plans to reorganise operations around outcomes and end-to-end workflows, supported by common digital platforms and strong governance. AI and agentic automation will be used to eliminate repetitive work, improve decision-making and raise quality and speed, while retaining clear human accountability.

Small, cross-functional "pods" with single ownership and measurable goals will drive execution, supported by continuous data, operations, governance, learning and automation flywheels.

Part II extends the vision to India's broader AI transformation.

"I believe that just as we can drive 10x improvement in velocity, efficiency, quality, and outcomes by AI-transforming our workflow. We can also achieve a 10x impact on India through our businesses and philanthropic initiatives," he said.

Ambani invited employees to contribute ideas on using AI across Reliance's businesses – from Jio's 500-million-plus subscriber base and India's largest retail network to energy, materials, life sciences, financial services, media and philanthropy. He also flagged opportunities in indigenous AI hardware, robotics and cross-domain applications to boost efficiency, sustainability and technological self-reliance.

According to a report by Business Standard that quoted a research firm, Jio Platforms Limited (JPL) is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging.

Reliance Industries Chairman Mukesh Ambani had said in August at the group's annual general meeting that preparations had begun for listing Reliance Jio in the first half of 2026.

Jio, RIL's telecom arm, and the group's digital businesses are housed under Jio Platforms.

Addressing the 48th Annual General Meeting of RIL, Ambani announced that Jio will now expand its operations overseas and develop its own artificial intelligence technology.

Ambani had said the upcoming IPO will demonstrate that Jio is capable of creating the same quantum of value as its global counterparts.

"I am sure that it will be a very attractive opportunity for all investors," he said, and promised Jio's plans for the future are "even more ambitious".

The oil-to-telecom behemoth had reported a 9.6% year-on-year (YoY) rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.

However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter.

The conglomerate posted a consolidated net profit of ₹18,165 crore in July-September – the second quarter of the April 2025 to March 2026 fiscal year (FY26) – higher than the ₹16,563 crore seen in the same period a year back, the company said in a statement.

Profit, however, sequentially fell 33% when compared with ₹26,994 crore in the April-July quarter.

Jio Platforms Ltd, the subsidiary that houses the telecom and digital businesses, saw profit rise by 13% to ₹7,379 crore in Q2.