The surge in leveraged buying followed robust second-quarter earnings, where consolidated profit after tax advanced 33.8% year-on-year to ₹29,550 crore. Operational strength was spearheaded by the Oil-to-Chemicals segment, which logged a 67.9% jump in EBITDA due to favorable global fuel cracks. Trading activity escalated rapidly, generating heavy turnover exceeding ₹11,000 crore on Monday and ₹5,000 crore on Tuesday. Market watchers are now monitoring key resistance levels near ₹1,280, while some institutional brokerages project significant future gains based on energy sector upgrades.
Key points
Reliance Industries now represents nearly a quarter of all combined exposure held across…: Reliance Industries now represents nearly a quarter of all combined exposure held across the top ten MTF stocks.
The Oil-to-Chemicals division is currently on track to generate an annualised EBITDA exce…: The Oil-to-Chemicals division is currently on track to generate an annualised EBITDA exceeding ₹80,000 crore.
Brokerage recommendations range from holding existing positions below key resistance to b…: Brokerage recommendations range from holding existing positions below key resistance to buying with an upside price target of ₹1,520.
Sources checked by our analysis pipeline: 1
Reliance Industries share price will remain in focus on Wednesday after Mukesh Ambani-led stock emerged as the stock with the highest exposure in the Margin Trading Facility (MTF) book after recording their biggest single-day rally in six years on Monday, November 2,
According to the latest data released by the National Stock Exchange (NSE) on November 2, Reliance Industries' MTF exposure jumped 60% to ₹4,711 crore, compared with ₹2,937 crore recorded at the end of October 30.
With this sharp increase, Reliance Industries has overtaken HDFC Bank to claim the top position in the MTF book, which the private lender had held for several months.
The overall MTF book stood at ₹1.45 lakh crore, with the top 10 stocks accounting for an exposure of ₹19,442 crore. Following Monday's surge, Reliance Industries alone accounted for 24% of the total exposure among these top 10 stocks.
Reliance Industries also continued to be the most traded stock in the Nifty 500 index on both Monday and Tuesday. Its trading turnover exceeded ₹11,000 crore on Monday and remained above ₹5,000 crore on Tuesday. Tuesday's…
The pharmaceutical firm approved the significant interim distribution during its late-October board meeting, establishing early November eligibility deadlines for shareholders. This substantial cash reward offers immediate yields to investors seeking current income amid a challenging environment. However, the generous capital return comes against a backdrop of prolonged, multi-year share price declines for the drugmaker.
Investors are pausing their recent buying momentum as global financial conditions face potential shifts stemming from Washington's political landscape. Potential adjustments to American fiscal policies and fluctuating energy markets threaten to reverse recent progress across domestic bourses. Consequently, elevated commodity prices are adding pressure to local trading sentiment ahead of the legislative results.
Early market indicators show domestic equities taking a breather after a four-day rally lifted major benchmarks to two-month peaks. Market participants are closely tracking American political developments to gauge prospective shifts in energy costs, regional conflicts, and global tech investments. This cautious sentiment interrupts a strong domestic run underpinned by retreating crude prices and robust foreign institutional inflows.