Reliance Industries shares, which hit a 52-week low of Rs 2218 on March 20 , 2023, were trading in green in the current trading session.

Reliance Industries shares: Three factors that can lead recovery from 52-week low

Reliance Industries shares gained 2.9% intraday to Rs 2265.45 against the previous close of Rs 2201.60 on BSE.

CLSA sees a 35% upside in Reliance Industries shares; here’s why

According to the Registrar of Companies, Reliance’s new firm will engage in activities including hotels, resorts and service apartments providing short-term lodging facilities, including accommodation in house boats.

Reliance Industries plans hotels, resorts near Statue of Unity in Gujarat

Analysts say risk-reward ratio now turns in its favour after a sharp correction in price

JP Morgan, Jefferies remain bullish on Reliance Industries

Reliance Industries share price: The counter’s 14-day relative strength index (RSI) came at 28.65. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity (P/E) ratio of 36.26.

Reliance Industries shares hit fresh 52-week low today, slip below Rs 2,200 mark

RIL shares settled at Rs 2,201.60. The Jefferies target suggests a 40.90 per cent potential upside on the counter. JPMorgan in a note last week said RIL shares offer good entry point.

Reliance Industries shares fall for 8th day, valuation discount rises. Jefferies sees 41% upside!

What’s Next for Reliance Industries?

Reliance Industries is a conglomerate company with interests in oil and gas, telecom, retail, and chemicals. The company has been facing some challenges recently, including a slowdown in its newer businesses and weak consumption demand. However, the company’s core businesses are still doing well, an…

Everybody’s a bull on Reliance but the stock is at a 52-week low. Here’s why

Market capitalisation (m-cap) of the top-10 most valued companies eroded by over Rs 2.09 lakh crore last week, with Reliance Industries and TCS taking the biggest hit amid an overall weak trend in equities.

Reliance Industries to re-auction gas in line with new government rules

Reliance Industries Ltd and its partner bp plc have re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block after incorporating the government’s new marketing rules to give CNG-selling city gas companies first priority

In line with new govt rules, Reliance re-auctions gas from its KG-D6 block

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Reliance Industries Limited is engaged in refining, manufacturing of refined petroleum products, petrochemicals, including manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic and synthetic rubber in primary forms.