Sunday, November 10, 2024

Reliance Industries Share Price Today on 30-10-2024: Reliance Industries share price are up by 0.37%, Nifty down by -0.51%

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Reliance Industries Share Price Today on 30-10-2024: At 30 Oct 16:00 today, Reliance Industries shares are trading at price 1343.95, 0.37% up from the previous closing price. Sensex is trading at 79942.18, down by -0.53%. The stock has hit a high of 1349.9 and a low of 1324.8 during the day.

On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 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 1354.55, 1364.6, & 1379.2, whereas it has key support levels at 1329.9, 1315.3, & 1305.25.

Till 4 PM today, the volume traded on NSE & BSE for Reliance Industries was 285.91% 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, While the stock is exhibiting preliminary indications of a trend reversal following a significant downtrend, continued monitoring is advised..

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 26.70 & P/B is at 2.21.

The median 1-year forecasted upside in this share is at 19.05% with a target price of 1600.00.

The company has a 0.00% promoter holding, 8.44% MF holding, & 21.19% FII holding as per filings in the september quarter.

The MF holding has increased from 8.37% in june to 8.44% in the september quarter.

The FII holding has decreased from 21.59% in june to 21.19% in the september quarter.

Reliance Industries share price has gained 0.37% today, currently at 1343.95, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are down -0.51% & -0.53% each respectively.





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