Reliance Industries Limited
It is a conglomerate with multiple revenue streams as given in the pic below.
Now let us analyze the stock performance over a 6 months period. The pic below compares to relative growth in BSE Sensex and Nifty 50
A deeper analysis will indicate the following trends
RIL - On 2nd Dec 2020 was trading around 1964 levels same as of yesterday 26th May 2021
Nifty Fifty - Dec 2020 was 12968 and it is 15208 as on 26 May 21 a gain of 2340 points a whopping 17% from Dec levels
BSE Sensex - Dec 2020 was 44192 and it is 50637 as on 26 May 21 a gain of 6445 points a whopping 14% from Dec levels
Our Recommendation -
If you are looking at a long term perspective buy around 1900 levels and hold. In the short term we do not see any trigger for the scrip to trade higher from the current levels.
No comments:
Post a Comment