Airtel share price, RIL share price: Ambiguity over regulatory clarity may keep upside in the stocks restricted, analysts cautioned
Bharti Airtel rose as much as 3.37 per cent to hit an intraday high of Rs 1717.25 per share, while RIL share gained up to 1.13 per cent to hit an intraday high of Rs 1,261.55
In the past six months, RIL share price has underperformed the market by falling 15 per cent as compared to a 9 per cent decline in the BSE Sensex
The uptick in RIL's share price followed an upgrade from domestic brokerage firm Kotak Institutional Equities, which raised its rating to 'Buy' from 'Add'
Reliance share price was quoting at a 15-month low, and below its super trend line support on the monthly scale for the first-time since April 2014; here's a technical outlook on the stock.
The top-ranked company, Reliance Industries, led by Mukesh Ambani, holds its position with a valuation of Rs 17.5 lakh crore, representing a 12% increase from the previous year.
NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.
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Reliance has formed a triple bottom pattern near the Rs 1230 zone, accompanied by bullish divergence on the RSI daily chart, signalling a potential trend reversal
Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations
Goldman Sachs, Bernstein, CLSA and Jefferies have retained their positive rating on RIL and believe the selling in the stock is overdone at present levels.
Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21. The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.50
Reliance Industries stock was seen testing the 10-year support indicator around Rs 1,200 levels for the last two months; the stock has now gained over 5% from the lows, will the rally continue?
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According to reports, the New York-based brokerage Jefferies has retained a 'Buy' rating on RIL, setting a target price of Rs 1,690. The target reflects an upside of 36.19 per cent
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In one week, Reliance Industries share price has declined 5.4 per cent, as compared to the 1.5 per cent decline in the BSE Sensex
Analysts attribute the company's poor show in the bourses to its lack-lustre financial performance in recent quarters
The Rs 1,190 level holds the key for Reliance long-term trend; break and sustained trade can open the doors of a likely fall below Rs 1,000-mark, suggests technical charts.
The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.