- Summary:
- Reliance industries that share the price rose more than 15 percent over the last month and the momentum is likely to stay longer.
Reliance Industries share prices that have closed the Monday trading session on a high, ending in the session at Rs 1,431 after gaining 0.6%. That was marked the fifth sequel -session of the gains through the stock, based on the strong bullish momentum. Also, the session saw the price of RIL's sharing price hit at a six -month high Rs 1,439. RIL sharing prices increased by more than 15% in the last month, and the Conglomerate market capitalization of the conglomerate has risen to $ 232 billion following recent gains.
Facebook has popularly invested $ 5.7 billion on the company's Jio platform in 2020, giving it a 9.9% stake. However, that deal is subject to regulatory investigation, with the decision of security that appealed this week that the Securities and Exchange Board of India (SEBI) has been justified in it by an RS 30 lakh ($ 36,000) penalty for breaking the ban on the foreign trade regulations.
However, it did not dent the reliance industries that share the price increase, as investors are rising following recent beating beating revenues. Its revenues grew 10.51% to Rs 2.61 trillion for the quarter ending in March 2025, while operating revenue grew 2.51% to Rs 303.5 billion.
Reliance Industries (NSE: Reliance) targets to expand the retail business with focus on new outlets that make up revenue for a year or close them when that target is not met. This new business model hits the right chord with investors, coming behind many years of loss of reliance retail segment. That sentiment is likely to favor reliance industries that share prices reversed by medium and medium-term.
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Reliance Industries share price prediction
In the chart below, the momentum in Reliance Industries shares price calls for further reversed above Rs 1,420. The first resistance is probably at Rs 1,440, but a stronger momentum will ruin that mark and try Rs 1,450.
Conversely, the destruction below Rs 1,420 will change the momentum on the downside. That is likely to see the first support established at Rs 1,409. With the control of the sellers, the momentum may break below that level, which is incorrectly reversed the narrative. In addition, an extended control of the sellers will send a lower price to test Rs 1,390.
