Reliance Infrastructure Gains 5% in Back-to-Back Sessions as Small-Cap Stocks Rebound

Shares of Reliance Infrastructure Ltd (NSE: RELINFRA) jumped nearly 5% for the second consecutive session on Wednesday, closing at ₹132.66, up ₹6.31 (4.99%), as renewed buying interest lifted small-cap stocks amid optimism surrounding the recently announced India–US trade deal. The stock’s back-to-back gains signal a technical rebound after sharp selling pressure seen over the past several weeks. In its latest earnings, the company reported a consolidated net profit of ₹11.2 crore in Q3FY26, marking a sharp turnaround from a loss of ₹3,298 crore in the same quarter last year. However, operating performance remained under pressure, with revenue declining 14.6% year-on-year to ₹4,297 crore, while EBITDA fell 52% to ₹429 crore. The EBITDA margin narrowed sharply to 10% from 17.8%, reflecting persistent cost pressures and operational challenges.

For the September quarter (Q2FY26), Reliance Infrastructure posted a 50% decline in consolidated net profit to ₹1,911.19 crore, compared with ₹4,082.53 crore in the year-ago period. Total income slipped to ₹6,309.48 crore from ₹7,345.96 crore, highlighting continued weakness in business conditions. Despite the recent rebound, the stock has fallen more than 55% over the past six months, underperforming broader market indices. The shares are currently trading close to their 52-week low of ₹127.95, significantly below the 52-week high of ₹425. On a longer-term basis, however, the stock has delivered strong gains of over 497% in the past five years, rewarding long-term investors despite short-term volatility.