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Reliance Industries at a new high; Goldman Sachs, ICICI Securities see further gains

RIL shares trading at record high, overbought on charts; can the rally continue?

Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) are trading at their record high. The RIL stock hit an all-time high of Rs 2658.95 on January 10, 2024 and fell to its 52-week low of Rs 2012.14 on March 20, 2023. RIL shares ended at Rs 2649.95 level, up 2.69% in the previous session on BSE. The stock saw high turnover of Rs 119.81 crore on BSE after 4.58 lakh shares changed hands on BSE. RIL stock has risen 12.24% in a year. It has seen low volatility in one year with a beta of 0.3.

RIL shares approach record high; can they cross Rs 3,000 mark?

RIL shares deliver flat returns on YTD basis; can they end 2023 on a high note?

Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) have delivered flat returns for investors this year. RIL shares have gained a marginal 0.66% on a year-to-date (YTD) basis against a healthy 10.35% returns by Sensex in 2023.  In the current session, RIL stock was trading flat at Rs 2393.25 against the previous close of Rs 2376.40 on BSE. The stock fell to its 52-week low of Rs 2012.14 on March 20, 2023 and hit a 52 week high of Rs 2635.17 on July 19, 2023.  

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