Reliance shares in focus for 2nd session, SAMCO flags historical rally pattern
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Reliance Industries shares remained in focus for the second consecutive session on Tuesday after a sharp rally.
- ✓Apurva Sheth of SAMCO Securities said, "The combination of a technical breakout, exceptional trading volumes, improving earnings and value unlocking through Jio makes Reliance Industries an interesting stock to watch" for many investors.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Reliance Industries shares remained in focus for the second consecutive session on Tuesday, following a sharp rally in the previous trading session, when it zoomed nearly 12 per cent individually and led the broader market rally.
The stock witnessed moderate movement in today’s session after the significant gains, while a technical breakout, exceptional trading volumes and strong September quarter results have drawn attention to its performance.
By 10.43 am, the stock traded at ₹1,294.40 on the NSE after moderating between ₹1,282 to ₹1,307.
Volume breakout
According to Apurva Sheth, Head of Market Perspectives and Research at SAMCO Securities, Reliance Industries surged nearly 11.6 per cent in a single session, accompanied by an extraordinary volume breakout.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.