Oil-to-telecom conglomerate Reliance Industries (RIL) hit a record high of Rs 2,855 on 29 April 2022, but it failed to hold on to the momentum. The stock closed at Rs 2,595 on September 7 which translates into a fall of over 9 per cent.
Short-term traders can look to buy the stock now for a possible bounce back towards 500 levels in the next 2-3 months, suggest experts.
SpiceJet’s fleet has been partially grounded and the airline has been looking at ways to raise capital. At least three aircraft lessors have filed insolvency
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