The forthcoming AGM of Reliance Industries is set to be a crucial one for investors as Mukesh Ambani, its chairman and Managing Director, is expected to provide an update on IPO of Jio Platforms.
Share prices of these companies also fell steeply during the period, with IOCL declining over 26%, BPCL nearly 24%, HPCL around 13%, and Reliance about 2.4%
HFCL shares target price: Domestic brokerage firms continue to remain positive on a smallcap multibagger stock which as zoomed nearly 12 times in the last six years.
SMIFS said that Reliance is trading near a crucial long-term support zone, coinciding with its monthly 50-DMA and has exhibited strong bullish reversals whenever prices approached this average.
However, in the long term, the scrip has climbed over 23% in the past three years and jumped nearly 51% over a five-year horizon.
Brokerage firms continue to remain positive on Reliance Industries Ltd (RIL) even after a muted set of numbers in the March 2026 quarter.
Reliance share price: At the last check on Friday, the stock declined 0.81% to close at Rs 1332.20 on the BSE, slipping from its previous close of Rs 1343.10.
Mukesh Ambani-led Reliance Industries Ltd (RIL) is set to announce its results for the quarter and financial year ended on March 31, 2025 on Friday, April 2026.
Reliance Industries: The stock has declined 19.02 per cent from its one-year high of Rs 1,611.20, touched earlier this year on January 5.
"In the last one and a half years, FPI holdings in the cash market have come down by around 2 per cent, which is close to Rs 30,000-40,000 crore worth of market cap if one takes an average price of Rs 1,400 during this period," the market expert noted.
An analyst from Anand Rathi said that Trent displayed a bullish divergence on the daily RSI, which acted as a strong reversal signal and led to an impressive 500-point rally from the recent bottom




