India's Reliance Industries rises after unit acquires Udhaiyam brand

Reliance Chemotex Industries

19/12/2025 05:59

** Shares of Reliance Industries RLCH.NS rise 1.8% to 1,572 rupees, their highest level since December 1

** Stock hits its biggest intraday percentage gain since November 26

** Reliance Consumer Products, FMCG arm of Reliance Industries, acquires a majority stake in Udhaiyams Agro Foods, owner of Tamil Nadu's heritage nutrition brand Udhaiyam

** RELI rated "buy" by 34 analysts on average; median target price is 1,685 rupees, according to data compiled by LSEG

** Stock up 29.3% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))