• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Stock

Reliance Industries shares recede after testing 52-week high range: Is it a breather or trend reversal?

by
July 10, 2025
in Stock
0
Reliance Industries shares recede after testing 52-week high range: Is it a breather or trend reversal?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


After staging a sharp 24% rally in 2025 and nearing record highs, shares of Reliance Industries Ltd (RIL) have begun to retreat, a move that comes amid growing investor unease over delayed IPO timelines and signs of near-term fatigue on the charts. The stock, once within 1% of its 52-week peak, has now slipped nearly 6% from that level, raising the question: is this a healthy pause or the start of a trend reversal?

On Thursday, July 10, RIL shares were trading 0.7% lower at Rs 1,508.10 on the BSE. The slide comes just a day after the stock fell nearly 2% on Wednesday, July 9, following a Reuters report that Reliance Jio Platforms had shelved its widely anticipated IPO for 2025, with Reliance Retail’s listing also pushed further out. While long-term fundamentals remain intact, powered by a pivot to green energy and rising Street targets, the short-term picture is looking more clouded.

Technical signals flash mixed trends

Despite the pullback, RIL remains above six of its eight key simple moving averages, signalling bullish momentum over the medium term. However, it has slipped below its 5-day and 10-day SMAs, indicating bearish undertones in the immediate short-term.

The Relative Strength Index (RSI) stands at 62.2, suggesting the stock is neither overbought nor oversold. The MACD, at 29.3, continues to hover above both the center and signal lines, reinforcing a broadly positive trend.

IPO delays weigh on sentiment

The recent cooling in the stock follows a report on July 9 that said Reliance Jio Platforms, valued at over $100 billion, will not go public this year. The company aims to “further grow revenue and its subscriber base before hitting the public markets,” said sources quoted in the report. Jefferies and IIFL peg Jio’s valuation at $136 billion and $111 billion, respectively.

The setback has compounded concerns around Reliance Retail’s listing, which is now unlikely before 2027 or 2028. Operational challenges and underwhelming metrics like earnings per square foot have prompted RIL to restructure its Rs 11,500 crore FMCG business into a standalone unit called New Reliance Consumer Products Ltd. According to the NCLT’s June 25 order, the move aims to bring “specialised and focused attention” to the business and attract “a different set of investors.”

Live Events


New Energy bets offer long-term upside

Brokerages, however, remain bullish on RIL’s longer-term prospects. Nuvama has assigned the Street’s highest target of Rs 1,801, citing the company’s aggressive New Energy push. RIL has operationalised its first 1GW Heterojunction Technology (HJT) solar module line and plans to scale this to 10GW by early 2026.“RIL’s modules business (20GW capacity) yields an EV of $20bn, which could trigger a valuation re-rating for RIL — similar to the trend seen post-RJIO’s launch in 2017,” wrote Nuvama’s Jal Irani and others. The brokerage expects New Energy’s PAT to grow at a 140% CAGR over FY26–30, contributing 9% of total PAT by FY30.

Eyes on Q1 results as next trigger

CLSA, which has a Rs 1,650 target on the stock, sees the upcoming Q1FY26 results later this month as a potential catalyst. “Reliance Industries is entering into an exciting period, beginning with its 1QFY26 earnings, where we expect to see notable improvements in KPIs across its key businesses,” said analyst Vikash Kumar Jain.

Jio added 2.6 million mobile subscribers in April, and broadband additions, including AirFiber, could total 9–10 million in Q1, surpassing the full-year FY25 count. Meanwhile, operational streamlining in retail is expected to translate into high-teens EBITDA growth, and CLSA’s gross refining margin (GRM) tracker points to a sequential gain of $1.1/bbl in the Oil-to-Chemicals business.

Whether Reliance’s recent pullback marks the start of a longer consolidation or simply a breather ahead of fresh catalysts will likely depend on how the July earnings and New Energy ramp-up unfold in the months ahead.

Also read | Reliance shares fall 2% as Jio IPO pushed beyond 2025, retail listing delayed further

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Tags: 52weekbreatherhighIndustriesmarkets newsRangerecedeReliancereliance industriesreliance industries ltdreliance industries share priceReliance Industries sharesreliance industries stockReversalsharesstock market newsTestingtrend
Previous Post

Second cargo ship sinks in Red Sea after Houthi rebel attack with bomb-armed drone boats

Next Post

Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

Next Post
Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

July 10, 2025
Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

July 10, 2025
Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below 7,000

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

July 10, 2025
Delta passengers stranded overnight on island in the middle of Atlantic Ocean

Delta passengers stranded overnight on island in the middle of Atlantic Ocean

July 10, 2025

Recent News

Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

July 10, 2025
Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

July 10, 2025
Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below 7,000

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

July 10, 2025
Delta passengers stranded overnight on island in the middle of Atlantic Ocean

Delta passengers stranded overnight on island in the middle of Atlantic Ocean

July 10, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

Delta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

July 10, 2025
Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

July 10, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.