Reliance Shares Jump 30% from 52-Week Low, Reach 8-Month High

Shares of Reliance Industries Ltd (RIL) have gone up by nearly 30% from their lowest point in the last one year. The stock is now trading at its highest level in eight months, showing strong growth and investor confidence.

Earlier this year, in April, Reliance shares had fallen to around ₹1,115, but now they are trading near ₹1,469. This quick rise in price has made Reliance one of the top-performing stocks recently.

Experts say there are many reasons for this strong comeback. Reliance’s businesses in telecom (Jio), retail, and oil refining are doing well. There are also chances that mobile tariffs may go up soon, which could increase profits for Jio. In retail, the company is seeing more customer demand, and in the oil sector, stable fuel prices are helping its earnings.

The overall stock market is also doing well, and that’s helping big companies like Reliance. Many analysts have become more positive about the company. Some even think the stock could cross its earlier record price of ₹1,608 in the coming months.

Reliance is also showing strong performance in stock charts. The stock is above all its key moving averages, and experts say it still has room to grow.

Investors are now waiting for Reliance’s next quarterly results and any news about new business plans. If things continue to go well, the share price might rise even further.