Vodafone Idea, Paytm, MCX, RIL, Infosys, TCS, Zydus Life, Sona BLW, Radico Khaitan: Expert shares technical view
Reliance Industries is in focus.
· Business Today Mkts
The expert highlighted Zydus Lifesciences, Sona BLW Precision Forgings and Radico Khaitan as stocks showing relative technical strength.
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
With Reliance Industries, Infosys and Tata Consultancy all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (RELIANCE, INFY, TCS), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, IT.
In this story
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