Business Standard

Is RIL's dream run at the bourses over? Check what technical charts suggest

Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday

Mukesh Ambani. Photo: Bloomberg
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Mukesh Ambani. Photo: Bloomberg

Avdhut Bagkar Mumbai
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels - its three-month low - reacting to the September 2020 quarter numbers released post market hours on Friday. Its partly paid (PP) shares, too, were quoting nearly 10 per cent lower and hit a low of Rs 1068.10 in intra-day deals on the BSE.

From a low of around Rs 875 levels hit in March 2020, the stock made a 52-week high of Rs 2,368.80, buoyed by the company's strategy of raising capital for its telecom venture from marquee global investors,

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