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    Vikshita Vitthal Gujaran in News

    24-Apr-2023 10:37 AM


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    Reliance share price up over 1% post-Q4 results, gives up most gains; Should you buy, sell or hold?

    Stock market today: After announcement of strong fourth quarter results for the financial year 2022-23, Reliance Industries Ltd or RIL shares today surged to the tune one per cent.
    They said that after the robust quarterly numbers, Reliance share price may go up to ₹2750 apiece once it breaches its current resistance of ₹2420 per share.
    Triggers for Reliance share price today Speaking on reason for rise in Reliance share price today, Parul Rao, Research Analyst, SAMCO Securities said, "Reliance Industries seems to be hitting all the right nerves across its businesses during the January-March period i.e. Q4FY ‘23.
    The company maintains a positive outlook across the O2C chain-driven business.
    Their O2C business revenue declined due to sharp reduction in crude oil prices and lower price realisation of downstream products.
    Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

    Source - MINT