Reliance shares gain; analyst sees breakout above this level

Reliance Industries shares rose nearly 2% on Thursday as a wave of positive developments lifted investor sentiment. Robust Q4 results, a massive offshore loan, and plans to offload its stake in Asian Paints have led the up move. Analyst maintains a constructive outlook on Reliance, especially in the wake of its fourth-quarter earnings; expects a technical breakout to ₹1,540.