Reliance Industries (RIL) shares have surged 30% in the past year, significantly outperforming the BSE Sensex's 9% rise. The stock recently hit a 52-week high, nearing its all-time peak. Analysts attribute this performance to RIL's strong cash flow generation, substantial cash reserves, and access to capital markets. The company's O2C segment is expected to perform stably due to refining margin recovery and strong domestic petrochemical demand, supported by its ethane import capabilities.