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    HomeNewsBusinessMarketsCash Market | Engulfing bullish candle forms at multi-month support line in Reliance

    Cash Market | Engulfing bullish candle forms at multi-month support line in Reliance

    A low-risk buy trade with positive signals indicating an up move in Reliance

    Moneycontrol Contributor
    October 03, 2022 / 08:11 IST
    Reliance Industries | CMP: Rs 2,597.60 | The stock ended in the green after the company said its subsidiary Reliance Petroleum Retail will acquire polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex for Rs 1,592 crore. The acquisitions, which will be done by way of slump sale on going concern basis, are subject to approval of the Competition Commission of India. [Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.]
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