- Summary:
- Reliance Industries share price has risen by more than 15 percent in the last month and the momentum is likely to stay on for longer.
Reliance Industries share price closed Monday’s trading session on a high, ending the session at Rs 1,431 after gaining 0.6%. That marked the fifth successive session of gains by the stock, underlining its strong bullish momentum. Also, the session saw RIL share price hit six-month highs of Rs 1,439. RIL share price has risen by more than 15% in the last month, and the conglomerate’s market capitalisation stand at $232 billion following its recent gains.
Facebook famously invested $5.7 billion in the company’s Jio Platform in 2020, giving it a 9.9% stake. However, that deal has been subject to regulatory scrutiny, with Securities Appellate Tribunal ruling this week that Securities and Exchange Board of India (SEBI) was justified in it a Rs 30 lakh ($36,000) penalty for breaking prohibition of insider trading regulations.
However, that has not dented Reliance Industries share price uptrend, as investors are upbeat following the recent forecast-beating earnings. Its revenues grew by 10.51% to Rs 2.61 trillion for the quarter ending March 2025, while operating income grew by 2.51% to Rs 303.5 billion.
Reliance Industries (NSE: RELIANCE) targets to expand its retail business with a focus on new outlets generating profits within a year or shutting them down when that target isn’t met. This new business model has struck the right chord with investors, coming on the back of multiple years of loss-making by Reliance Retail segment. That sentiment will likely favour Reliance Industries share price upside in the medium and medium-term.
Reliance Industries Share Price Prediction
On the chart below, the momentum on Reliance Industries share price calls for further upside above Rs 1,420. The first resistance will likely be at Rs 1,440, but a stronger momentum will breach that mark and test Rs 1,450.
Conversely, breaking below Rs 1,420 will shift the momentum to the downside. That will likely see the first support established at Rs 1,409. With the sellers in control, the momentum could break below that level, invalidating the upside narrative. In addition, an extended control by the sellers will send the price lower to test Rs 1,390.
