Rs 4.4 lakh crore rally! Reliance Industries shares surge 26% in 2025. What's fueling Ambani's unstoppable run?

Reliance Industries is staging its strongest rally since 2020, with the stock up over 26% in 2025 and adding Rs 4.4 lakh crore in market value. Now near the Rs 21-lakh crore mark and at a fresh 52-week high, the surge is driven by rising refining margins, telecom tariff hikes, strong retail momentum and multiple value-unlocking triggers across its businesses.