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Reliance Industries Ltd.
Share Price Target & Analysis

NSE:RELIANCE

1247.08

VWAP

1229.4

Open

1223

Close

1268.85

High

1222.45

Low

1608.8

52 Week High

1264.00 ⇧
41.00 (3.35%)

RELIANCE

(OIL & GAS)
18.4% Momentum

Turnaround Potential

1184.95

52 Week Low

27

EPS

16.03

PE

3.26

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 1264.00, this results in a dividend yield of 0.79 %.

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 27. NSE:RELIANCE book value per share as of today is 387.45. The current price to book ratio for RELIANCE as of Nov 23, 2024 is 3.26.

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 60.87% is very crucial parameter which shows that 60.87% investors are anticipating that the price of RELIANCE share should go up with VWAP at 1247.08.

Now, the main question is whether to BUY or SELL, NSE:RELIANCE at current valuation.
As per latest Analysis No. #6218:-

⇑ 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 (Nov 23, 2024)

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

Reliance Industries Ltd. share price moved Up by 3.35% from its previous close of Rs 1223. RELIANCE stock last traded price is 1264.00. RELIANCE share price trend is Up with a total of 20467000 stocks traded till now. It has touched an intraday high of Rs 1268.85 and an intraday low of Rs 1222.45. The RELIANCE trading at 1264.00, Up by Rs. 41.00, or 3.35 percent which suggests that most of the Traders are anticipating that the price of RELIANCE share should go Up.

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 Up by 3.35%. RELIANCE share price short term trend is Up. It suggests that RELIANCE Share Price for Tomorrow remains the same with VWAP at 1247.08 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

 1264.00

RELIANCE Share Price Target Prediction for 2024 ^

 1242.3 - 1481.5

RELIANCE Share Price Target Prediction for 2025*^

 1481.5 - 1722.4

RELIANCE Share Price Target Prediction for 2026*^

 1722.4 - 1843

RELIANCE Share Price Target Prediction for 2027*^

 1935

RELIANCE Share Price Target Prediction for 2028*^

 1990

RELIANCE Share Price Target Prediction for 2030*^

 2170
RELIANCE Current Book Value 2023
385.5

*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: @1267.6

RELIANCE Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 1270.07 SELL 1273.07 SELL
MA_12 1303.34 SELL 1297.37 SELL
MA_20 1317.79 SELL 1315.31 SELL
MA_32 1350.88 SELL 1345.97 SELL
MA_50 1391.06 SELL 1372.16 SELL
MA_100 1442.56 SELL 1406.63 SELL
MA_200 1455.41 SELL 1410.9 SELL

RELIANCE Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1317.79 Downtrend
MACD -2.57 SELL
ADX 46.05 Strong Trend
DMI (+/-) 8.95 / 31.38 Downtrend

RELIANCE Momentum Oscillators

BUY (1) NEUTRAL (6) SELL (5)
Momentum Oscillators Value Action
RSI 31.73 Neutral
STOCHASTIC_K (Fast) 25.32 Neutral
STOCHASTIC_D (Slow) 12.61 Oversold
CCI -113.52 SELL
PSAR 1292.68 SELL
TRUE RANGE 21.5 Neutral
ATR 24.98 Neutral
WILLIAMS R -82.51 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 35.47 Neutral
MOMENTUM -86.48 SELL

RELIANCE Last 1 Year Trend

Duration Value
1 Year 8.78%
3 Months -13.39%
1 Month -6.39%
1 Week -2.91%

RELIANCE Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 20%
SELL 73%

Most popular Questions & Answers about RELIANCE


Reliance Industries Ltd. stock last traded price is 1264.00. RELIANCE share price moved Up by 3.35% from its previous close of Rs 1223.

Reliance Industries Ltd. share price trend is Up with a total of 20467000 stocks traded till now. It has touched an intraday high of Rs 1624.888 and an intraday low of Rs 1222.45. The RELIANCE trading at 1264.00, Up by Rs. 41.00, or 3.35 percent which suggests that most of the Traders are anticipating that the price of RELIANCE share should go Up and the Stop Loss will be around 1247.08.

The market cap of Reliance Industries Ltd. is ₹1581560 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Reliance Industries Ltd. as of Nov 22, 2024 is 16.03.

The current price to book ratio for Reliance Industries Ltd. as of Nov 22, 2024 is 3.26.

The highest price of Reliance Industries Ltd. stock is ₹1608.8 in the last 52-week.

The lowest price of Reliance Industries Ltd. stock is ₹1184.95 in the last 52-week.

Reliance Industries Ltd. share trading at ₹1264.00, Up by Rs. 41.00, or 3.35 percent which suggests that most of the traders are anticipating that the price of RELIANCE share should go Up.

In 2023, Stock price target for Reliance Industries Ltd. (RELIANCE) are ₹1242.3 on downside and ₹1481.5 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 ₹1481.5 on downside and ₹1722.4 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 ₹1722.4 on downside and ₹1843 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 ₹1990 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.

The price of Reliance Industries Ltd. (RELIANCE) shares moved by 3.35%. The short-term trend for RELIANCE share price is Up. It implies that the share price of RELIANCE will stay the same tomorrow and that intraday traders should treat VWAP at 1247.08 as a stop loss. Investors with a long-term outlook can track RELIANCE long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of RELIANCE stock is 323.7. Compared to the current market price of 1264.00 INR, the RELIANCE stock is Overvalued by 74.4%.

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 27. Reliance Industries Ltd. book value per share as of today is 387.45. The current price to book ratio for RELIANCE as of Nov 23, 2024 is 3.26.


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 1264.00 27 387.45
IOC 132.90 11.14 125.39
BPCL 286.00 30.04 172.2
HINDPETRO 361.00 20.48 192.82
MGL 1157.50 116.37 520.65
CHENNPETRO 583.25 46.03 577.05
GANDHAR 205.56 9.91 113.65
IRMENERGY 366.70 16.38 223.27
Updated at: 22 Nov 2024 15:30

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