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Reliance Industries Limited (RELIANCE.NS) closed at ₹1221.65 as of December 30, 2024. This is 0.0491% or ₹0.6 above the previous close price of ₹1221.05. In recent trading sessions, the stock has shown volatility.
Let’s explore Reliance Industries' share price analysis of its current performance and technical indicators to make informed decisions.
Current Price: ₹1221.65
Change: +0.0491% (+₹0.6)
Day Low: ₹1214.15
Day High: ₹1223.00
52-Week High/Low: ₹1608.80 / ₹1201.50
Market Capitalization: ₹16.45 lakh crore (₹16,450 billion)
Trading Volume: Approximately 8,302 shares exchanged hands today
Despite a slight uptick in the stock's value, Reliance Industries has seen some fluctuation throughout the day, with its price moving between ₹1218.55 and ₹1223. The stock's overall performance remains relatively stable despite challenges in the broader market.
Reliance Industries’ recent price history shows a mixed trend. On December 29, 2024, the stock closed at ₹1216.55, and though it has gained marginally today, it has suffered some downside over the last few months. In the last six months, Reliance Industries has witnessed a sharp fall of around 20.25%, and in the last week, it has seen a modest recovery with a return of 0.93%. It is showing some degree of resilience, though the stock has been under pressure.
1. PE Ratio: 24.37
2. EPS (Earnings Per Share): ₹50.13
3. Beta: -0.34 means volatility is relatively low concerning the general market.
4. Price Averages
50-Day Average: ₹1284.25
200 Day Average: ₹1426.03
5. Support and Resistance Levels
Pivot Level: ₹1220.38
Resistance Levels:
R1: ₹1227.62
R2: ₹1234.23
R3: ₹1241.47
Support Levels:
S1: ₹1213.77
S2: ₹1206.53
S3: ₹1199.92
Support might be located around ₹1213, and the stock could encounter resistance starting at ₹1227 and all of the above. Support levels should always be considered in any short-term trade.
Despite the present short- and medium-term downfalls, the stock's longer-term performance has been very encouraging, with an impressive +57.28% gain during the last five years. This indicates the company's capability to create value in the long term despite the short- and mid-term market downtrends.
Reliance Industries' share price has been stable but indicates volatility in the market. For short-term traders, the current support and resistance levels can guide them into entering and exiting at those points. Long-term investors, however, may consider recent declines as a good opportunity to buy at a lower price due to the company's solid fundamentals and diversified portfolio in petrochemicals, telecommunications, and retail.
Thus, while Reliance stock has challenges that lie ahead in the near term, the performance in thelong run is stable enough to ensure future growth. Investors should continue tracking broader market conditions, macroeconomic factors, and company-specific news for further insights into stock movements forReliance Industries.
