- Summary:
- The Reliance Industries Share Price has gained nearly 10 percent in the last five trading sessions and its income momentum will not be finizzle soon.
Reliance Industries share prices rose to a seven-month high Rs 1,426 on Friday, closing a daily session of 1.24%. That is the fourth -day -to -day gain since it released the revenue report for the quarter ending in March 2025. The stock rose almost 10% in the last five sessions, wrapping the strong bullish handling.
During the first three months of the year, the conglomery reported a 2% yoy jump on its income after tax on Rs 19,407 crore (approximately $ 2.34 billion). Its revenues also emerged strongly, rising to Rs 2.64 Lakh Crore (estimated $ 31.8 billion), which translates to 10% growth during the corresponding period of a year before.
The rising price of reliance in Reliance Industries is accompanied by an increase in trade volume, pointing to the increasing appetite for the investor for the stock. Meanwhile, the conglomery intends to raise Rs 25,000 crore ($ 3 billion) by releasing irreversible debentures (NCDs).
On a positive note, the approach of fundraising will ensure that there is no reduction of shares, as NCDs are not equity. However, it will also result in increasing debt loading and paying interest, which is not good for reliance industries that share prices in the long run.
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Reliance industries share prices
The Reliance Industries Share Price is likely to stay upside down above Rs 1,412 as indicated by RSI. That momentum is likely to meet the first resistance to Rs 1,425. However, an extended consumer control will remove the barrier and the action may be sent higher with the second resistance to Rs 1,440.
On the other hand, the destruction below Rs 1,412 will change momentum on the downside. That could see the first support that came to Rs 1,400. The reversed narrative is invalid if the RIL sharing price goes to that level. In addition, a stronger descending momentum can send stock less to test Rs 1,390.
