Reliance Share Price Surges in Thursday’s Trading Session
On Thursday, the stock market saw a strong upward trend, with the Nifty index touching a new high of 23481. According to market experts, Reliance Industries is poised to benefit from favorable conditions in the market. Many market analysts have recommended buying shares of Reliance Industries Limited.
Experts predict that in the coming years, the stock could see a growth of over 8%. The company’s shares opened at Rs 2944 on Thursday. During the trading day, the stock reached a high of Rs 2920. During this period, more than 4.06 lakh shares were traded.
Reliance Industries’ share was trading at Rs 2938 on Friday, 14 June 2024, showing a 0.26% increase. The company operates in various sectors including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, and textiles.
Experts believe that in the coming days, the stock could reach up to Rs 3200. To avoid losses when investing, experts recommend setting a stop loss at Rs 2900. Over the past year, the company’s shares have returned 17% to investors. In the past two years, the company’s shares have seen a growth of 28%.
In August 2023, Reliance Industries Limited distributed a dividend of Rs 9 to its shareholders. In August 2022, the company also distributed a dividend of Rs 8 to investors. In 2019, 2020, and 2021, Reliance Industries distributed dividends of Rs 6.5, Rs 6.5, and Rs 7 respectively, making investors prosperous.
The Reliance stock has been consistently rising since October 2023, reaching Rs 3029 from Rs 2225. The company continues to grow in sectors such as energy, petrochemicals, natural gas, retail, entertainment, telecommunications, and textiles.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.