Crude oil prices are down 26% from their 52-week highs of $98 per bbl and the downtrend will support OMCs in India in terms of improving their refining margins while reducing the cost for paint and tyre companies. Already riding on significant gains, state-run oil companies are staring at another leg of the rally. Paint … Read more
Mumbai: Shares of Reliance Industries, which have the second-highest weighting in the Nifty 50, surged more than 4% intra-day to touch a near three-week high after Goldman Sachs raised its target price citing higher returns on cash invested, and a change in the mix of capital expenditure. Reliance Industries is currently the largest company in … Read more
Shares of Reliance Industries (RIL) jumped 2.32% on Wednesday to hit the day’s high of Rs 2,951.90 on the NSE following Goldman Sachs’ buy reiteration on the oil-to-telecommunications conglomerate. The US-based brokerage also hiked the price target to Rs 3,400 from Rs 2,925 earlier. RIL shares had ended at Rs 2,883.15 in the previous session … Read more
Reliance Industries Ltd, part of the oil & gas space, consolidated in a narrow range after hitting a record high earlier in March 2023, but a bounce back from its 50-DMA on daily charts suggests that bulls are here to stay. If the momentum continues, short-term traders can look to buy the stock for a … Read more
Shares of Reliance Industries rallied 2% to the day’s high of Rs 2,958 on BSE in Thursday’s session as investor optimism increased after the Ambanis announced signing of a binding agreement with Disney to form a joint venture that will combine the businesses of Viacom 18 and Star India. Global brokerage Jefferies said Disney’s business … Read more
