NIFTY 22643.40 BANK 49424.05

Reliance Industries Ltd.
Share Price Target & Analysis

NSE:RELIANCE

2926.57

VWAP

2900.00

Open

2905.1

Close

2935.80

High

2900.00

Low

3024.90

52 Week High

2930.05 ⇧
24.95 (0.86%)

RELIANCE

(OIL & GAS)
87.7% Momentum

Trending & Favourite

2220.30

52 Week Low

62.28

EPS

41.71

PE

3.94

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 2930.05, this results in a dividend yield of 0.34 %.

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 Apr 29, 2024 is 3.94.

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 2926.57.

Now, the main question is whether to BUY or SELL, NSE:RELIANCE at current valuation.
As per latest Analysis No. #4959:-

⇑ 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 (Apr 29, 2024)

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

Reliance Industries Ltd. share price moved Up by 0.86% from its previous close of Rs 2905.1. RELIANCE stock last traded price is 2930.05. RELIANCE share price trend is Up with a total of 3623987 stocks traded till now. It has touched an intraday high of Rs 2935.80 and an intraday low of Rs 2900.00. The RELIANCE trading at 2930.05, Up by Rs. 24.95, or 0.86 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 0.86%. RELIANCE share price short term trend is Up. It suggests that RELIANCE Share Price for Tomorrow remains the same with VWAP at 2926.57 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

 2930.05

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: @2929.65

RELIANCE Moving Averages

BUY (7) NEUTRAL (0) SELL (7)
MA Simple Action S1 Expo Action E2
MA_5 2944.47 SELL 2938.42 SELL
MA_12 2945.82 SELL 2937.7 SELL
MA_20 2921.2 BUY 2934.37 SELL
MA_32 2937.76 SELL 2919.46 BUY
MA_50 2930.82 SELL 2888.83 BUY
MA_100 2793.38 BUY 2804.89 BUY
MA_200 2600.66 BUY 2667.26 BUY

RELIANCE Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 2921.2 Uptrend
MACD -1.7 SELL
ADX 19.05 NO or Weak Trend
DMI (+/-) 17.89 / 18.5 Downtrend

RELIANCE Momentum Oscillators

BUY (1) NEUTRAL (9) SELL (2)
Momentum Oscillators Value Action
RSI 50.15 Neutral
STOCHASTIC_K (Fast) 40.48 Neutral
STOCHASTIC_D (Slow) 48.74 Neutral
CCI -50.07 Neutral
PSAR 2890.49 BUY
TRUE RANGE 71.6 Neutral
ATR 50.71 Neutral
WILLIAMS R -61.43 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 26.81 Neutral
MOMENTUM -21.2 SELL

RELIANCE Last 1 Year Trend

Duration Value
1 Year 25.39%
3 Months 13.53%
1 Month -0.72%
1 Week 0.32%

RELIANCE Technical Analysis Summary

Updated on 2024-04-15
Action Overall (%)
BUY 30%
NEUTRAL / HOLD 33%
SELL 37%

Most popular Questions & Answers about RELIANCE


Reliance Industries Ltd. stock last traded price is 2930.05. RELIANCE share price moved Up by 0.86% from its previous close of Rs 2905.1.

Reliance Industries Ltd. share price trend is Up with a total of 3623987 stocks traded till now. It has touched an intraday high of Rs 3055.149 and an intraday low of Rs 2900.00. The RELIANCE trading at 2930.05, Up by Rs. 24.95, or 0.86 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 2926.57.

The market cap of Reliance Industries Ltd. is ₹1581560 (in Cr) as of Apr 28, 2024.

The current price to earning ratio for Reliance Industries Ltd. as of Apr 28, 2024 is 41.71.

The current price to book ratio for Reliance Industries Ltd. as of Apr 28, 2024 is 3.94.

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 ₹2930.05, Up by Rs. 24.95, or 0.86 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 ₹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 Apr 29, 2024 is 3.94.


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 2930.05 62.28 742.84
IOC 176.75 31.75 93.14
BPCL 618.80 133.35 239.88
HINDPETRO 505.30 106.26 195.36
MGL 1442.20 130.89 418.54
MRPL 250.45 24.92 56.11
CHENNPETRO 1040.60 182.07 577.05
GANDHAR 232.50 0 72.27
Updated at: 29 Apr 2024 16:03

Feel free to contact us, in case of any queries.

SITEMAP 4370
Disclaimer: Published information or data available on the Website may not be current or up to date and also any information or data available on this website may contain inaccuracies and/or typographical errors. Kindly refer any reliable source for its accuracy. If you select any of these stocks for your trades, you do so at your own risk.

Stocks to Watch Today

ADANIENT 3081.20 0.80 (0.03%) | ADANIGREEN 1806.85 0.20 (0.01%) | ADANIPORTS 1317.25 -7.35 (-0.55%) | ADANITRANS 1061.00 -1.85 (-0.17%) | AMBUJACEM 629.05 -3.30 (-0.52%) | APOLLOHOSP 5966.90 -291.70 (-4.66%) | ASIANPAINT 2868.20 24.05 (0.85%) | ATGL 919.05 -0.10 (-0.01%) | AUROPHARMA 1151.80 20.50 (1.81%) | AXISBANK 1159.25 28.95 (2.56%) | BAJAJ-AUTO 8760.10 -214.20 (-2.39%) | BAJAJFINSV 1595.65 -1.70 (-0.11%) | BAJFINANCE 6826.60 95.40 (1.42%) | BALKRISIND 2395.00 19.20 (0.81%) | BANDHANBNK 184.00 -0.20 (-0.11%) | BANKBARODA 272.70 4.65 (1.73%) | BEL 235.40 -3.55 (-1.49%) | BERGEPAINT 504.35 1.25 (0.25%) | BHARTIARTL 1332.45 6.45 (0.49%) | BIOCON 306.15 -0.25 (-0.08%) | BOSCHLTD 29287.15 409.95 (1.42%) | BPCL 618.80 9.35 (1.53%) | BRITANNIA 4799.85 -0.60 (-0.01%) | CADILAHC 947.40 -3.85 (-0.4%) | CIPLA 1408.00 -1.15 (-0.08%) | COALINDIA 453.25 -2.55 (-0.56%) | COLPAL 2823.80 -31.35 (-1.1%) | DABUR 506.70 -2.30 (-0.45%) | DIVISLAB 3990.00 -26.35 (-0.66%) | DLF 886.10 -21.90 (-2.41%) | DMART 4483.80 -69.35 (-1.52%) | DRREDDY 6271.00 18.90 (0.3%) | EICHERMOT 4571.85 -29.15 (-0.63%) | GAIL 209.55 1.50 (0.72%) | GLAND 1729.25 0.90 (0.05%) | GODREJCP 1218.05 15.55 (1.29%) | GRASIM 2389.50 47.05 (2.01%) | GUJGASLTD 552.00 0.60 (0.11%) | HAVELLS 1644.45 4.40 (0.27%) | HCLTECH 1387.40 -86.45 (-5.87%) | HDFC 2724.30 0.00 (0%) | HDFCAMC 3770.85 53.15 (1.43%) | HDFCBANK 1529.50 19.70 (1.3%) | HDFCLIFE 575.00 -12.85 (-2.19%) | HEROMOTOCO 4457.70 -33.90 (-0.75%) | HINDALCO 649.50 0.20 (0.03%) | HINDUNILVR 2226.10 3.45 (0.16%) | HINDZINC 423.80 2.20 (0.52%) | ICICIBANK 1160.15 52.25 (4.72%) | ICICIGI 1705.65 13.00 (0.77%) | ICICIPRULI 559.90 -6.35 (-1.12%) | INDIGO 3927.70 -7.65 (-0.19%) | INDUSINDBK 1487.25 40.85 (2.82%) | INDUSTOWER 352.00 -1.30 (-0.37%) | INFY 1434.75 4.50 (0.31%) | IOB 68.70 1.95 (2.92%) | IOC 176.75 5.20 (3.03%) | ITC 438.20 -1.80 (-0.41%) | JSWSTEEL 895.75 8.50 (0.96%) | KOTAKBANK 1640.40 31.90 (1.98%) | LT 3634.30 29.10 (0.81%) | LTI 4743.95 -44.10 (-0.92%) | LUPIN 1637.45 21.50 (1.33%) | M&M 2065.55 20.65 (1.01%) | MARICO 515.60 -2.25 (-0.43%) | MARUTI 12689.85 -13.50 (-0.11%) | MCDOWELL-N 1179.55 -19.40 (-1.62%) | MOTHERSUMI 130.80 -0.30 (-0.23%) | MUTHOOTFIN 1703.85 15.90 (0.94%) | NAUKRI 6068.90 172.05 (2.92%) | NESTLEIND 2504.50 21.75 (0.88%) | NMDC 254.80 -3.15 (-1.22%) | NTPC 363.00 7.00 (1.97%) | ONGC 283.20 0.30 (0.11%) | PEL 927.45 1.70 (0.18%) | PIDILITIND 3021.10 38.60 (1.29%) | PIIND 3744.65 -26.60 (-0.71%) | PNB 137.25 0.80 (0.59%) | POWERGRID 293.70 1.45 (0.5%) | RELIANCE 2930.05 24.95 (0.86%) | SAIL 164.80 -3.75 (-2.22%) | SBICARD 724.10 -26.35 (-3.51%) | SBILIFE 1422.35 7.10 (0.5%) | SBIN 826.50 25.20 (3.14%) | SHREECEM 24145.15 4.65 (0.02%) | SIEMENS 5776.65 28.15 (0.49%) | SRF 2636.25 -4.55 (-0.17%) | SUNPHARMA 1522.00 15.45 (1.03%) | TATACONSUM 1098.50 -4.15 (-0.38%) | TATAMOTORS 1000.60 1.10 (0.11%) | TATAMTRDVR 675.45 2.75 (0.41%) | TATASTEEL 167.40 1.60 (0.97%) | TCS 3870.20 48.85 (1.28%) | TECHM 1288.30 9.55 (0.75%) | TITAN 3604.85 20.05 (0.56%) | TORNTPHARM 2698.00 7.00 (0.26%) | ULTRACEMCO 9964.45 263.55 (2.72%) | UPL 506.55 -1.90 (-0.37%) | VEDL 406.30 9.75 (2.46%) | WIPRO 462.95 -1.65 (-0.36%) |