Table of Contents
Reliance Industries Ltd (NSE: RELIANCE) opened strong on 8 April 2025, surging ₹15.25 (1.31%) to trade at ₹1,180.95. The stock gained traction in early trade amid a broad market rebound and buying interest in large-cap heavyweights, particularly across energy and telecom segments.
- Open: ₹1,172.00
- High: ₹1,186.60
- Low: ₹1,172.00
- Previous Close: ₹1,165.70
- Market Cap: ₹15.98 Lakh Crore
- P/E Ratio: 23.10
- Dividend Yield: 0.42%
- 52-Week High: ₹1,608.80
- 52-Week Low: ₹1,114.85
Why is Reliance Rallying?
- Market-Wide Optimism: With Nifty 50 gaining 1.29%, large-cap stocks like Reliance led the charge.
- Oil & Gas Uptrend: Rising global crude prices boost sentiment around Reliance’s energy division.
- Telecom Buzz: Anticipation around Jio’s upcoming pricing and 5G rollout plans contributed to investor interest.
- FII Support: Renewed foreign institutional interest in blue-chip Indian stocks is favoring Reliance.
Technical Overview
- Resistance Levels: ₹1,188 / ₹1,200
- Support Levels: ₹1,170 / ₹1,155
- Short-Term Trend: Bullish
- Momentum Indicator (RSI): Trending upward but below overbought zone, suggesting further room to rise
Analyst Commentary
“Reliance continues to act as a pillar in market upswings. Strong traction in retail, energy, and telecom could push the stock above ₹1,200 if volume sustains,” said Rakesh Sinha, Equity Strategist at CNI Global.
“Investors are watching the ₹1,186–₹1,190 range as a breakout point for the next leg up.”
Reliance Industries’ 1.31% gain to ₹1,180.95 on 8 April 2025 confirms its strong participation in the broader market rebound. As the Nifty heavyweight regains momentum, market watchers will look toward further updates on energy pricing and retail expansion to guide short-term movement.
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