Reliance Industries Ltd (RIL) shares rose as much as 1.92% on July 9, 2026.
The stock reached Rs 1292.10 during early trading sessions. This rally follows a government announcement exempting customs duty on goods used for lithium-ion cell manufacturing.
The policy supports RIL’s large-scale Battery Energy Storage System (BESS) giga-factory in Jamnagar, Gujarat. High trading volumes accompanied the price movement as the stock recovered from 52-week lows.
Brokerage analyses identify the new energy business as a primary long-term growth driver for the company.