Share price of Reliance share price
Updated for 22 January 2025.
What is the prediction for Reliance Industries Share Price?
Price: Rs. 1274
Trend:
On Tuesday, after weak opening, the scrip showed downtrend and closed at Rs. 1274, fall of Rs.32. Now on Wednesday, the scrip is expected to continue downtrend from the opening bell and will have support at Rs. 1258 and resistance at Rs 1301. We expect the correction to continue. So be cautious.
Target Rs. 1258 (on lower side)
Stoploss Rs. 1301 (On higher side)
Chart Analysis/ Technical Analysis of Reliance share price today
Chart analysis indicate, RSI is showing bullish trend.
MACD indicator shows strong positive crossover over Signal line.
What are Latest & Breaking News on Reliance Industries?
UBS maintains Reliance Industries at ‘buy’ with a price target of Rs. 3.00K
An analyst from UBS maintained Reliance Industries (NS: RELI) at ‘buy’ with a price target of Rs.3.00K from a prior price target
Prior to this rating, Reliance Industries had 29 buy ratings, 2 hold ratings, and 2 sell ratings.
Reliance Industries continues to be on Jefferies ‘Buy’ list with price target of Rs 2,990 (7Dec 23 update)
Jefferies has recommended a ‘Buy’ call on Reliance Industries, with a target price set at Rs 2,990 per share. The recommendation comes in anticipation of Reliance Industries’ ambitious plans to commission Phase I of its photovoltaic (PV) module and storage capacity by mid-calendar year 2024.
Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability. However, the brokerage firm remains optimistic about the outlook for Reliance Industries, citing several factors that could positively influence the company’s renewable ventures.
FII holding in RIL rebounds from 26-qtr low
Foreign investors raised their holding in RIL for the first time in six quarters in the three months ended June, albeit marginally. Their stake in the company rose to 22.55% as of June end, from a 26-quarter low of 22.49% in the preceding quarter, shareholding data showed.
That FIIs remain the lifeline for RIL stock even though mutual funds acted as the life support system in the last few quarters is evident from the stock performance.
In the June quarter, the stock net gained more than 9%, recouping all of the losses it made in the preceding quarter.
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