RIL Stock: Decline Now, Hope Ahead

Reliance Industries’ shares have dipped by 12% in the second half of 2024, reflecting a 20% drop from their July peak. While some analysts note weakness and suggest caution, others see recovery potential with strong support at ₹1,200. A breakout above ₹1,330 could trigger a rally toward ₹1,450. Despite recent underperformance due to high capital expenditure, future growth is expected from Reliance Jio and other segments. Investors face a mixed outlook, with opportunities in “buy-on-dips” strategies and risks of further declines.