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Time of India

Reliance Infra shares rally over 1,400% in 5 years. Is there more upside left?

Reliance Infrastructure shares have delivered stellar long-term gains, surging over 1,400% in the past five years. The momentum has continued in recent sessions, with the stock rising 45% in the last one month and gaining 10% in just the past two trading days. The rally picked up pace after the company announced a strategic partnership between its subsidiary, Reliance Aerostructure, and French aerospace major Dassault Aviation to manufacture Falcon 2000 business jets in India. But beyond the news-driven rally, technical indicators suggest there could still be more room to run. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 얼굴 기미, 더 이상 헛돈쓰지말고 이렇게 해보세요 (청담 피부원장 노하우) 두아이연구원 Undo Technical indicators point to further upside Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Kunal V Parar, VP – Technical Research & Algo at Choice Broking, said the stock has shown strong momentum, breaking above a key swing high on the weekly chart—an indicator of potential further gains. "On the weekly chart, the stock is comfortably trading above its 100-week and 200-week moving averages, reflecting a strong bullish trend. On the monthly chart, the stock appears to be on the verge of a Cup and Handle breakout, which suggests a continuation of the ongoing momentum," he said. Live Events He also noted a bullish breakout in the RSI on the weekly timeframe, suggesting strengthening positive breadth in the counter. "We expect the stock to continue its upward journey towards the Rs 420–470 zone, with a strict stop loss at Rs 344," Parar added. Laxmikant Shukla, Senior Manager – Technical Analyst at YES SECURITIES, also pointed to a strong technical reversal. 'The stock formed a bullish tweezer bottom reversal pattern on the daily chart, negating the five-day correction phase and breaking the sequence of lower highs and lower lows,' he said. He noted that the rebound was supported by rising trading volumes and a bullish crossover in the stochastic oscillator, both of which confirm renewed buying interest. "From a risk-reward standpoint, the stock looks well-positioned to extend its upward movement in the near term. We recommend buying Reliance Infra shares in the range of Rs 385–388, with a stop loss at Rs 375 and a target price of Rs 414," Shukla said. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Dassault jet manufacturing deal Reliance Infrastructure's recent rally was also supported by its aviation venture. The company has partnered with Dassault Aviation to manufacture Falcon 2000 business jets in India—the first time the French firm will assemble these jets outside France. Announced at the Paris Air Show, the agreement involves setting up a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. The plant will serve as a global centre of excellence for Falcon jets and may also support future Falcon 6X and 8X programs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Capital infusion to boost growth plans In a separate update, the company has raised Rs 300 crore through the allotment of 1.25 crore fully paid-up equity shares at Rs 240 per share. The shares were issued to promoter group entity Risee Infinity Private Limited as part of an accelerated warrant conversion. This infusion is part of a larger preferential issue worth Rs 3,014.40 crore announced in October 2024. According to the company, the fresh funds will enhance financial flexibility and support long-term growth. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)