- Summary:
- Reliance Industries share price has gained nearly 10 percent in the last five trading sessions and its earnings momentum won't fizzle soon.
Reliance Industries share price rose to seven-month highs of Rs 1,426 on Friday, closing the session with daily gains of 1.24%. That was the fourth successive daily gain since it released its earnings report for the quarter ending March 2025. The stock has risen by nearly 10% in the last five sessions, underlining the strong bullish hold.
For the first three months of the year, the conglomerate reported a 2% YoY jump in its profit after tax to Rs 19,407 crore (approx. $2.34 billion). Its revenues also came out strongly, rising to Rs 2.64 lakh crore (approx. $31.8 billion), translating to 10% growth over the corresponding period a year earlier.
This week’s rise in Reliance Industries share price has been accompanied by a rise in the trading volume, pointing to rising investor appetite for the stock. Meanwhile, the conglomerate intends to raise Rs 25,000 crore ($3 billion) through issuance of Non-Convertible Debentures (NCDs).
On a positive note, the strategy of fundraising will ensure that there is no dilution of shares, since NCDs are not equity. However, it will also result in increased debt load and interest payment, which does not augur well for Reliance Industries share price in the long term.
Reliance Industries Share Price
Reliance Industries share price will likely stay on the upside above Rs 1,412 as indicated by the RSI. That momentum will likely meet the first resistance at Rs 1,425. However, an extended control by the buyers will clear that barrier and could send the action higher to the second resistance at Rs 1,440.
On the other hand, breaking below Rs 1,412 will shift the momentum to the downside. That could see the first support come at Rs 1,400. The upside narrative will be invalid if RIL share price goes below that level. In addition, a stronger downward momentum could send the stock lower to test Rs 1,390.
