Reliance Industries Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Reliance Industries shares are trading at price ₹1273.1, 0% up from the previous closing price. Sensex is trading at ₹78675.18, down by -1.03%. The stock has hit a high of ₹1289.4 and a low of ₹1269 during the day.
On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 1304.63 |
10 | 1321.21 |
20 | 1335.87 |
50 | 1410.87 |
100 | 1462.26 |
300 | 1454.91 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1283.72, ₹1295.38, & ₹1301.47, whereas it has key support levels at ₹1265.97, ₹1259.88, & ₹1248.22.
Till 4 PM today, the volume traded on NSE & BSE for Reliance Industries was 253.14% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 9.23% & ROA of 4.70% respectively.The current P/E of the stock is at 25.36 & P/B is at 2.10.
The median 1-year forecasted upside in this share is at 25.68% with a target price of ₹1600.00.
The company has a 0.00% promoter holding, 8.56% MF holding, & 20.08% FII holding as per filings in the october quarter.
The MF holding has increased from 8.44% in july to 8.56% in the october quarter.
The FII holding has decreased from 21.19% in july to 20.08% in the october quarter.
Reliance Industries share price has gained 0% today, currently at ₹1273.1, while its peers such as
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