Historically, we have seen that RIL stock price follows price action and breakout most of the time for intraday trading and should be in any long-term portfolio, says Co-Founder of Financial Independence Services Ankit Choudhary
RBL Bank share price gains over 4% due to substantial growth in deposits and advances; MRPL gains 12% giving a handsome pole and flag breakout above Rs 81, forming a pattern that may see a target of Rs 92-93. Samvardhana Motherson International opens gap up, jumping 6%, but remains in the range of Rs 88 to Rs 94 throughout the day
Stocks in focus included names like Shriram Finance, which pared gains after hitting a fresh 52-week high, KEI Industries, which rose nearly 5%, and Swan Energy, which rose nearly 8% with a rise in volumes on Thursday.