RIIL share price surges 9%, up for the second straight day - Can Reliance Industrial Infrastructure stock rise further?
AI Summary
The recent surge in Reliance Industrial Infrastructure's share price, despite broader market declines, suggests a potential short-term trading opportunity for retail investors. However, analysts caution that the stock remains in a corrective phase, and any rallies may be short-lived unless it decisively breaks resistance levels. Investors should be wary of entering new positions until clearer signs of a trend reversal emerge, particularly given the stock's significant year-to-date decline and ongoing volatility.
RIIL share price: Shares of Reliance Industrial Infrastructure (RIIL) surged almost 9% in morning trade on the BSE on Wednesday, 7 October, defying weak stock market sentiment. Reliance Industrial Infra share price opened at ₹682 against its previous close of ₹680.55 and jumped as much as 8.7% to an intraday high of ₹740, looking set to extend gains for the second consecutive session. On the other hand, equity benchmark Sensex declined by 0.75% during the session.
The stock surged on Wednesday, with trading volume more than 5 times higher.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 07 October 2026.
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