Reliance Industries Shares: 3 Reasons Experts See Opportunity Amid Market Turmoil

The Indian stock market has been under pressure amid rising crude oil prices, higher US bond yields and geopolitical uncertainty. During a recent trading session, the Nifty 50 and Sensex opened lower for the fifth consecutive session before recovering some of their losses. Reliance Industries Limited (RIL) shares also came under selling pressure, touching an intraday low of ₹1,174.50 on the NSE.

However, market experts believe the decline may not tell the entire story. They point to Reliance's refining business, the potential value unlocking of Reliance Jio Platforms and the widening gap between crude oil and refined fuel prices as factors that could influence the company's future performance.

Here are three key reasons experts are watching Reliance Industries amid the market downturn.

1. Refining Business Could Benefit From Global Energy Disruptions

The ongoing geopolitical tensions in the Middle East have raised concerns about global oil supplies and disrupted energy markets. These developments can create opportunities for sophisticated refineries that can process different grades of crude oil and supply refined products to international markets.

Reliance Industries operates major refining facilities at Jamnagar in Gujarat, giving it a significant presence in the global refining industry. Its ability to process different types of crude oil and produce fuels for export markets could become an advantage when supply chains are disrupted.

Market expert Avinash Gorakshakar has suggested that discussions involving US Secretary of State Marco Rubio and Mukesh Ambani could potentially be relevant to the refining business, although the specific agenda of the meeting was not officially confirmed in the source report.

Venezuelan crude oil is another factor attracting attention. Its heavy composition means it can be processed most efficiently by refineries equipped to handle such grades. Reliance's complex refining infrastructure may give it an advantage in processing certain types of crude, subject to availability, commercial terms and applicable regulations.

If the company can secure suitable crude supplies at competitive prices and maintain strong refining "false">

• Support level: ₹1,145

• First short-term target: ₹1,265

• Second target: ₹1,290

• Third target: ₹1,350

These levels reflect the analyst's technical assessment at the time of the report. They are not guaranteed price outcomes, and the stock may move differently if market conditions change.

A stop-loss near ₹1,145 was also suggested in the report. Investors should remember that a stop-loss cannot eliminate all risk, particularly during sharp price movements or market gaps.

Should Investors Consider Reliance Industries Shares?

Reliance Industries has several potential growth drivers, including its refining and fuel-export operations, its consumer-facing businesses and the possibility of value unlocking through Jio Platforms. These factors could make the company worth monitoring during periods of market weakness.