NIFTY 22475.85 BANK 48923.55

Reliance Industries Ltd.
Share Price Target & Analysis

NSE:RELIANCE

2876.27

VWAP

2942.00

Open

2933.1

Close

2949.90

High

2832.30

Low

3024.90

52 Week High

2868.00 ⇩
-65.10 (-2.22%)

RELIANCE

(OIL & GAS)
80% Momentum

Trending & Favourite

2220.30

52 Week Low

62.28

EPS

27.30

PE

3.86

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: RELIANCE Share Price Financial Analysis & Valuation

Reliance Industries Ltd. (RELIANCE) is broadly categorized in OIL & GAS segment industry which deals in Refineries vertical. It is one of Large Cap company with Market Capitalization of Rs 1581560 (in Cr). Total number of free float shares are 633.9 (in Lacs). Reliance Industries Ltd. is listed on NSE with Exchange ID - INE002A01018 and trading code is NSE:RELIANCE with short name Reliance.

Reliance Industries Ltd. is good enough to Outperformed the market. RELIANCE gives better return on an investment after adjusting for market-related volatility and random fluctuations as compared to market.

Reliance Industries Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Reliance Industries Ltd. has declared an equity dividend of Rs 10 per share. At the current share price of RELIANCE at Rs 2868.00, this results in a dividend yield of 0.35 %.

As per the Fundamental Analysis of NSE:RELIANCE, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine RELIANCE underlying value and future prospects. All of this data is available in RELIANCE financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:RELIANCE, it is clearly understood that RELIANCE is Economical performer in terms of earnings and profit margins with an EPS of 62.28. NSE:RELIANCE book value per share as of today is 742.84. The current price to book ratio for RELIANCE as of May 03, 2024 is 3.86.

Valuation of the Stock: The current valuation of RELIANCE stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of RELIANCE whether to BUY this stock at current valuation. The delivery percentage of RELIANCE is 63.92% is very crucial parameter which shows that 63.92% investors are anticipating that the price of RELIANCE share should go up with VWAP at 2876.27.

Now, the main question is whether to BUY or SELL, NSE:RELIANCE at current valuation.
As per latest Analysis No. #4995:-

⇑ STRONG BUY RELIANCE if All Greens

⇗ BUY RELIANCE (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD RELIANCE (With Stop Loss) if only 1 Green

⇘ SELL RELIANCE if NO Green Indicator

NSE: RELIANCE Share Price Today (May 03, 2024)

(Reliance Industries Ltd. Daily Analysis on the basis of RELIANCE Intraday Graph & Trend)

Reliance Industries Ltd. share price moved Down by -2.22% from its previous close of Rs 2933.1. RELIANCE stock last traded price is 2868.00. RELIANCE share price trend is Down with a total of 8613479 stocks traded till now. It has touched an intraday high of Rs 2949.90 and an intraday low of Rs 2832.30. The RELIANCE trading at 2868.00, Down by Rs. -65.10, or -2.22 percent which suggests that most of the Traders are anticipating that the price of RELIANCE share should go Down.

NSE: RELIANCE Share Price Tomorrow Prediction

(Reliance Industries Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of RELIANCE)

Reliance Industries Ltd. share price moved Down by -2.22%. RELIANCE share price short term trend is Down. It suggests that RELIANCE Share Price for Tomorrow remains the same with VWAP at 2876.27 will be treated as stop loss for intraday traders. Reliance Industries Ltd. Long term investors can follow the RELIANCE long term trend as mentiond in future forecast table.

NSE Code

NSE: RELIANCE

RELIANCE Share Price Today

 2868.00

RELIANCE Share Price Target Prediction for 2024 ^

 2518.9 - 3039.9

RELIANCE Share Price Target Prediction for 2025*^

 3039.9 - 3238.5

RELIANCE Share Price Target Prediction for 2026*^

 3238.5 - 3465.2

RELIANCE Share Price Target Prediction for 2027*^

 3638

RELIANCE Share Price Target Prediction for 2028*^

 3742

RELIANCE Share Price Target Prediction for 2030*^

 4079
RELIANCE Current Book Value 2023
739.1

*Reliance Industries Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^RELIANCE share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

RELIANCE Technical Analysis

Candlestick Pattern: @2930.05

RELIANCE Moving Averages

BUY (12) NEUTRAL (0) SELL (2)
MA Simple Action S1 Expo Action E2
MA_5 2914.82 BUY 2921.13 BUY
MA_12 2929.58 BUY 2926.82 BUY
MA_20 2938.05 SELL 2928.29 BUY
MA_32 2925.6 BUY 2921.69 BUY
MA_50 2936.64 SELL 2899.84 BUY
MA_100 2840.14 BUY 2826.99 BUY
MA_200 2616.67 BUY 2689.77 BUY

RELIANCE Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 2938.05 Downtrend
MACD -3.78 SELL
ADX 14.38 NO or Weak Trend
DMI (+/-) 14.93 / 19.26 Downtrend

RELIANCE Momentum Oscillators

BUY (4) NEUTRAL (7) SELL (1)
Momentum Oscillators Value Action
RSI 50.58 Neutral
STOCHASTIC_K (Fast) 38.02 Neutral
STOCHASTIC_D (Slow) 29.73 Neutral
CCI -55.82 Neutral
PSAR 2992.79 SELL
TRUE RANGE 35.8 BUY
ATR 48.23 BUY
WILLIAMS R -54.76 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 48.62 Neutral
MOMENTUM 46.9 BUY

RELIANCE Last 1 Year Trend

Duration Value
1 Year 23.32%
3 Months 7.99%
1 Month 1.63%
1 Week -1%

RELIANCE Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 53%
NEUTRAL / HOLD 27%
SELL 20%

Most popular Questions & Answers about RELIANCE


Reliance Industries Ltd. stock last traded price is 2868.00. RELIANCE share price moved Down by -2.22% from its previous close of Rs 2933.1.

Reliance Industries Ltd. share price trend is Down with a total of 8613479 stocks traded till now. It has touched an intraday high of Rs 3055.149 and an intraday low of Rs 2832.30. The RELIANCE trading at 2868.00, Down by Rs. -65.10, or -2.22 percent which suggests that most of the Traders are anticipating that the price of RELIANCE share should go Down and the Stop Loss will be around 2876.27.

The market cap of Reliance Industries Ltd. is ₹1581560 (in Cr) as of May 02, 2024.

The current price to earning ratio for Reliance Industries Ltd. as of May 02, 2024 is 27.30.

The current price to book ratio for Reliance Industries Ltd. as of May 02, 2024 is 3.86.

The highest price of Reliance Industries Ltd. stock is ₹3024.90 in the last 52-week.

The lowest price of Reliance Industries Ltd. stock is ₹2220.30 in the last 52-week.

Reliance Industries Ltd. share trading at ₹2868.00, Down by Rs. -65.10, or -2.22 percent which suggests that most of the traders are anticipating that the price of RELIANCE share should go Down.

In 2023, Stock price target for Reliance Industries Ltd. (RELIANCE) are ₹2518.9 on downside and ₹3039.9 on upside. Reliance Industries Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Reliance Industries Ltd. (RELIANCE) are ₹3039.9 on downside and ₹3238.5 on upside. Reliance Industries Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Reliance Industries Ltd. (RELIANCE) are ₹3238.5 on downside and ₹3465.2 on upside. Reliance Industries Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Reliance Industries Ltd. (RELIANCE) will be around ₹3742 Reliance Industries Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of RELIANCE.

As per the fundamental analysis of Reliance Industries Ltd. (RELIANCE), it is of Economical quality in terms of earnings and profit margins with an EPS of 62.28. Reliance Industries Ltd. book value per share as of today is 742.84. The current price to book ratio for RELIANCE as of May 03, 2024 is 3.86.


NSE:RELIANCE News & Other Useful Information about RELIANCE Share Price


Peer Comparison of NSE: RELIANCE

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Refineries

Company Price EPS BV
RELIANCE 2868.00 62.28 742.84
IOC 170.75 28.06 93.14
BPCL 629.85 133.35 239.88
HINDPETRO 534.30 106.26 195.36
MGL 1429.10 130.89 418.54
MRPL 251.50 24.92 56.11
CHENNPETRO 1017.00 182.07 577.05
GANDHAR 227.30 0 72.27
Updated at: 03 May 2024 15:30

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