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RIL crosses Rs 1,500; up 35% in 2019. Charts show Rs 1,760 is in the offing

Reliance Industries (RIL) has been one of the better performing stocks in calendar year 2019 (CY19) with a rise of around 35 per cent on a year-to-date basis. In comparison, the frontline Nifty50 index has gained 10 per cent rise during this period. The recent up move has been triggered by Reliance Jio’s (RJio) plans of raising tariff, following a similar move by other incumbents – Bharti Airtel and Vodafone Idea. All three, however, have not indicated the quantum of hike. At the fundamental level, analysts have given a thumbs-up to the plan to hike tariff by the incumbe.....

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