Reliance Industries | Consolidating Near All Time High

11 Eki 2020

Reliance Industries is engaged in activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. The stock has declared EPS of Rs 20.69 during Q1FY21 as against full year EPS of Rs 58.20 which is ~36% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the company has been able to monetize its assets successfully by entering into leading tech companies during CFY. The stock is now consolidating near its ATH and any break above 2370 will give fresh legs to the rally. Q2FY21 results holds the key.