Reliance Industries Share Price Today on 22-11-2024: Reliance Industries share price are up by 1.39%, Nifty up by 1.04%
Reliance Industries Share Price Today on 22 Nov 2024: On the last trading day, Reliance Industries opened at ₹1229.9 and closed at ₹1240.65. The stock reached a high of ₹1242 and a low of ₹1223.05 during the day.
Reliance Industries Share Price Today on 22-11-2024: At 22 Nov 12:09 today, Reliance Industries shares are trading at price ₹1240.2, 1.39% up from the previous closing price. Sensex is trading at ₹78080.64, up by 1.2%. The stock has hit a high of ₹1242 and a low of ₹1223.05 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 | 1259.00 |
| 10 | 1278.92 |
| 20 | 1306.51 |
| 50 | 1382.04 |
| 100 | 1449.99 |
| 300 | 1452.86 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1239.65, ₹1255.15, & ₹1266.35, whereas it has key support levels at ₹1212.95, ₹1201.75, & ₹1186.25.
Reliance Industries Share Price Today
Till 12 AM today, the volume traded on NSE & BSE for Reliance Industries was 675.81% 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 24.37 & P/B is at 2.02.
The median 1-year forecasted upside in this share is at 29.01% 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 8.03% 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 up 1.39% today to trade at ₹1240.2 while its peers are mixed. Its peers such as Hindustan Petroleum Corporation are falling today, but its peers Oil & Natural Gas Corporation, Oil India, Petronet LNG are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.04% & 1.2% each respectively.
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