NEW DELHI: Shareholders of Reliance Industries Ltd (RIL), which has plunged nearly 19% over the past one year, can look forward to healthy returns in the next 12 months. If analysts' commentary is anything to go by, then RIL can rally up to Rs 1,200 in a year, which translates into an upside of 35 per cent from Friday's closing price of Rs 889.15. "Reliance Industries has been an under-performer for the last several years, but recent moves suggest some signs of life in this counter as the short-term trend is up," says Mazhar Mohammad, Chief Strategist - Technical Research & Trading Advisory, Chartviewindia.in. "We believe, based on technical readings, it will...
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