According to The Times of India, Bajaj Broking Research has recommended Reliance Industries as a buy with a target price of ₹1,474 and a stop loss at ₹1,300. The recommendation suggests buying in the range of ₹1,330-1,350 with a 10% return potential over a 6-month timeframe. As reported by TOI Business Desk, the stock has undergone a corrective phase over the past three months and is currently consolidating near a crucial support zone of ₹1,270-₹1,300. The technical setup offers a favorable risk-reward profile with the ₹1,270-₹1,300 range serving as crucial support, reinforced by the convergence of multiple technical factors including the 61.8% retracement of the previous April 2025-January 2026 up move.
According to The Times of India, Bajaj Broking Research has recommended Varun Beverages as a buy with a target price of ₹503 and a stop loss at ₹429. The recommendation suggests buying in the range of ₹455-465 with a 9% return potential over a 3-month timeframe. As reported by TOI Business Desk, the share price has generated a breakout above the falling channel containing the last 3 months decline, signaling strength and offering a fresh entry opportunity. The stock has formed a higher high and higher low pattern, signaling resumption of the up move after recent corrective decline. The target price of ₹503 represents the 80% retracement of the previous decline from ₹534 to ₹381.
According to The Times of India, both recommendations are based on technical analysis by Bajaj Broking Research. For Reliance Industries, the ongoing corrective phase appears to be nearing exhaustion with price action indicating potential for fresh bullish reversal. The stock is expected to resume uptrend and head towards ₹1,474 levels in coming quarters, being the high of February 2026 and the 61.8% retracement of recent decline. For Varun Beverages, the breakout above the falling channel and formation of higher highs and higher lows indicate resumption of the up move after recent corrective decline.
