Reliance’s stock showed a brief rise on Friday as investors waited for the company’s upcoming third‑quarter earnings.
Market Reaction
Shares opened flat at ₹1,458.80, touched a high of ₹1,472.50, then settled around ₹1,465 as profit‑taking set in.
What Analysts Expect
Analysts say the oil‑to‑chemicals business should lift earnings, while telecom and retail units keep profit steady. Overall revenue may grow a few percent, and operating profit could rise faster than sales thanks to better refining margins.
Possible Upside Target
One broker suggests the stock could test ₹1,594 in the short term and aim for around ₹1,650 for investors comfortable with higher risk. A stop‑loss near ₹1,405 is recommended.
Key Risks
- Continued pressure on upstream oil and gas earnings.
- Soft petrochemical margins.
- Broader market volatility.
Remember, this is just an overview, not a prediction. Do your own research or talk to a qualified advisor before making any decisions.