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The stock traded at a P/E multiple of 37.05, while the price-to-book value ratio stood at 9.65.

As of 31-Dec-2022, promoters held 0.22 per cent stake in the company, while FIIs held 37.33 per cent and domestic institutional investors had 26.84 per cent.

One major event that investors should be tracking is the earnings of companies for Q4 FY23. This could provide insight into how companies are performing and what are their outlook on near-term growth and margins.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1577187.03 Crore) operating in Diversified sector.

“Options data suggests a broader trading range in between 16900 to 17700 zones while an immediate trading range in between 17100 to 17550 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

"Stock trades near our bear case valuation and offers favorable risk-reward," it said. RIL shares ended 4.3% higher at Rs 2,331 on Friday. Jefferies target implies an upside potential of 33% in the next 12 months.

Avalon Technologies is one of the leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations in delivering box build solutions in India. The company provides a full stack product and solution suite, from printed circuit board design and assembly to the manufacturing of complete electronic systems.

The move by Saudi Arabia, Iraq, UAE, Kuwait, Algeria and Oman will be in effect from next month until the end of the year, and marks the biggest reduction in output since the OPEC+ cartel slashed two million barrels per day in October.

Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism.

The stock has rallied over 30% so far in this quarter and also registered a fresh all-time high of 946.65. On the daily charts, the stock is comfortably trading above the 20 and 50-Day SMA (Simple Moving Average). It has also formed a higher bottom formation which is largely positive.