Reliance Industries Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Reliance Industries shares are trading at price ₹1300, 2.69% up from the previous closing price. Sensex is trading at ₹80365.65, up by 1.58%. The stock has hit a high of ₹1304.35 and a low of ₹1285.1 during the day.
On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 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 ₹1281.75, ₹1298.5, & ₹1328.15, whereas it has key support levels at ₹1235.35, ₹1205.7, & ₹1188.95.
Till 11 AM today, the volume traded on NSE & BSE for Reliance Industries was 1049.89% 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 indicating a trend reversal after 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 25.22 & P/B is at 2.09.
The median 1-year forecasted upside in this share is at 23.08% 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 has gained 2.69% today to trade at ₹1300 in resonance with its peers. Its peers such as
