Most of the time the so called experts compare the movement in share price of Reliance Industries to that of Oil, i.e. if one falls the other will follow. To check if the statement really holds true, I have analyzed below some charts.
Hope you will find it useful.
Happy Investing!!!
RIL (white line) Vs Oil - from Jan 1st 2010 till date (Normalized figure to 100)
RIL (white line) Vs Oil - from Jan 1st 2010 till date (Absolute figure)
RIL (white line) Vs ONGC - from Jan 1st 2008 till date (Normalized figure to 100)
Though RIL, in the past, have outperformed ONGC; but off late ONGC's stock has moved higher compared to Reliance.
Though RIL, in the past, have outperformed ONGC; but off late ONGC's stock has moved higher compared to Reliance.
RIL (white line) Vs Sensex (green line) Vs Oil - from Jan 1st 2010 till date (Normalized figure to 100)
RIL has really-really underperformed Sensex
RIL has really-really underperformed Sensex
Data: Bloomberg; Wealthy Opinions
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