RELIANCE

Fundamental View on Reliance- Reliance Industries Ltd (RIL) is India's largest listed conglomerate with a market capitalization of over ₹20.5 lakh crore as of June 2025. The company posted robust revenue of ₹10.2 lakh crore in FY24, supported by strong performance across its diversified businesses—oil-to-chemicals (O2C), telecom (Jio), retail, and its growing presence in green energy. With a net profit exceeding ₹78,000 crore, Reliance maintains a healthy financial profile, reflected in its low debt-to-equity ratio of ~0.3 and a P/E of around 24x. Jio remains a dominant player in the telecom sector with over 470 million subscribers, while Reliance Retail continues its aggressive expansion across India. Technical Outlook on Reliance- As observed on the daily chart, Reliance showed strong buying momentum on Friday, with the stock taking solid support near its 14-day EMA and then witnessing a sharp upward rally. While the stock was trading within a range earlier in the week, Friday's session stood out with a strong breakout. It opened at ₹1431, made a low of ₹1428.10, and rallied to a high of ₹1469.20 before closing firmly at ₹1466.20. The MACD remains in positive territory, with the MACD line comfortably above the signal line—indicating bullish momentum. The RSI is around 64, suggesting continued strength without entering the overbought zone. If the current trend sustains, the stock could soon test the ₹1500 level. From a long-term perspective, a stop loss at ₹1375 is advisable. While temporary corrections could occur due to geo-political tensions like the Israel-Iran conflict, both the fundamentals and technicals remain strong. Any dip toward the ₹1425–1430 zone can offer a good buy-on-dips opportunity for investors.