Reliance Industries has kickstarted Diwali Day trade with a bang. The share price of RIL surged 3% after the strong Q2 numbers. Most brokerages have reiterated Buy rating on the stock and see the company’s initiatives in terms of ramping up the New Energy (NE) ecosystem with cell facility starting next month as a key growth driver. The PS-to-module value chain, 40GWh BESS, 3GW electrolyser are expected to contribute to the bottomline from FY28

The 10GW module/cell may add 6% to FY27 consolidated profit, as per Nuvama . Additionally, brokerages also highlighted that the RTC power plant (starting H1FY27) in Kutch for 3MTPA GH2 production (3% of global H2 demand) is another key driver going forward. They anticipate that its captive power cost may fall 25%, potentially adding another 6%

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