Reliance Industries share are down by -0.31%, Nifty up by 0.01%

Reliance Industries Share Price Today on : At 24 Sep 16:00 today, Reliance Industries shares are trading at price ₹2979.25, -0.31% down from the previous closing price. Sensex is trading at ₹84914.04, down by -0.02%. The stock has hit a high of ₹3000 and a low of ₹2976.4 during the day.

On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 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 ₹2993.48, ₹3009.87, & ₹3018.73, whereas it has key support levels at ₹2968.23, ₹2959.37, & ₹2942.98.

Till 4 PM today, the volume traded on NSE & BSE for Reliance Industries was 175.95% 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 bullish trend.

From a fundamental analysis perspective, the company has a ROE of 9.23% .The current P/E of the stock is at 29.40 .

The median 1-year forecasted upside in this share is at 10.41% 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 -0.31% today to trade at ₹2979.25 while its peers are mixed. Its peers such as Petronet LNG are falling today, but its peers Oil & Natural Gas Corporation, Oil India, Hindustan Petroleum Corporation are on the rise. Overall, benchmark indices Nifty & Sensex are down 0.01% & -0.02% each respectively.