Reliance Industries share are down by -0.62%, Nifty down by -0.16%

Reliance Industries Share Price Today on : At 18 Sep 16:01 today, Reliance Industries shares are trading at price ₹2926.25, -0.62% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹2964 and a low of ₹2922 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2952.4, ₹2979.65, & ₹2995.3, whereas it has key support levels at ₹2909.5, ₹2893.85, & ₹2866.6.

Till 4 PM today, the volume traded on NSE & BSE for Reliance Industries was 40.60% 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's continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 9.23% .The current P/E of the stock is at 28.98 .

The median 1-year forecasted upside in this share is at 12.41% with a target price of ₹3289.53.

The company has a 50.33% promoter holding, 8.37% MF holding, & 21.59% FII holding as per filings in the june quarter.

The MF holding has decreased from 8.47% in march to 8.37% in the june quarter.

The FII holding has decreased from 21.90% in march to 21.59% in the june quarter.

Reliance Industries share price down -0.62% today to trade at ₹2926.25 while its peers are mixed. Its peers such as are falling today, but its peers Hindustan Oil Exploration Company are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.