INSUBCONTINENT EXCLUSIVE:
After a muted performance in 2024, Reliance Industries Ltd (RIL) shares have staged a remarkable comeback in 2025, surging 25% year-to-date
This rebound comes despite muted returns in the stock over the past year, raising the question: is the rally sustainable, or just a
Hardik Matalia, Derivative Analyst at Choice Broking, noted that the stock had been consolidating in a range after strong buying interest
trading at Rs 1,517.80 and continues to maintain its long-term uptrend
He added that a brief pullback towards the breakout zone is possible, but such a move could offer a fresh buying opportunity for short-term
traders.The Relative Strength Index (RSI) of the stock is currently placed at 66.83, indicating potential for sideways movement in the near
Still, the stock remains technically strong, trading above all key moving averages.Drumil Vithlani, Technical Research Analyst at Bonanza
1,600.Amit Trivedi, Vice President at YES SECURITIES, echoed the sentiment, stating that while the stock may consolidate in the near term,
sentimentThe technical strength in RIL shares is also supported by a major corporate restructuring announced earlier this week
business, according to a June 25 National Company Law Tribunal (NCLT) order seen by The Indian Subcontinent.Analysts see the move as a
strategic step to streamline operations and enhance valuation clarity for investors ahead of a mega retail IPO
The consumer brands vertical, which includes products like Campa, Independence, Sosyo, and Ravalgaon, generated Rs 11,500 crore in revenue
interest following the FMCG demerger, RIL appears to be at an inflection point
views and opinions given by the experts are their own
These do not represent the views of the Economic Times)
