Promoters of Reliance Industries Ltd increased their ownership stake to 50.5% during the June quarter, marking the highest level in more than seven years.
The move signals renewed confidence from the controlling family ahead of the company's upcoming financial results release.
Mutual funds also raised their holdings in the Indian conglomerate to 10.11% during the same period.
The coordinated buying by both promoters and institutional investors suggests a positive outlook on the company's near-term prospects, particularly as analysts anticipate strong performance driven by the oil-to-chemicals segment.
Reliance Industries is scheduled to release its financial results for the April-June quarter (Q1 FY27) on Friday, July 17, after market hours.
The earnings report is expected to highlight a recovery in the oil-to-chemicals business, which has been a key driver of the company's valuation.