Reliance Industries share price update: Details

Reliance Industries closed today, February 18, 2025, at ₹1224.95, marking a modest increase of 0.02% from the previous day's closing price of ₹1224.75. The stock's price has fluctuated within a range of ₹1216.40 to ₹1229.95 during today's trading session, indicating moderate market movement. Currently, it is trading at ₹1224.95, showing minimal changes.

Trading Activity and Market Overview:

Reliance's stock opened at ₹1215.75 and reached a high of ₹1227.20, dipping to a low of ₹1205.15 earlier in the day.

With a market capitalization of ₹16,583.75 crore, the stock remains below its 52-week high of ₹1608.95 but is trading above its 52-week low of ₹1193.65.

The BSE recorded a volume of 207,944 shares during the session, reflecting increased investor activity.

Shareholding and Financial Performance:

Reliance's mutual fund (MF) holding increased to 9.14% from 8.56%, while foreign institutional investor (FII) holding decreased to 19.15% from 20.16%.

The company has posted a return on equity (ROE) of 9.23% and an investment return value of 6.80% in the most recent fiscal year. Consensus estimates suggest an ROE of 8.00% for the current fiscal year, with a projected rise to 9.00% in the following year.

Reliance's earnings per share (EPS) grew by 11.01% and revenue increased by 23.43% over the past three years. The company’s latest trailing 12-month revenue is ₹9.56 lakh crore, reflecting a 4.57% increase from the previous fiscal year.

Analyst Ratings:

Analysts continue to favor the stock, with a consensus "Buy" rating. The median target price is ₹1559, indicating a 27.27% upside potential from the current market price.

The stock's future prospects are bolstered by a mix of "Strong Buy" (12 analysts), "Buy" (16 analysts), and a minimal number of "Sell" (3 analysts).

Market Peers and Sector Movement:

Among competitors, Oil & Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation (HPCL), and Petronet LNG showed positive growth, while Oil India experienced a decline. The benchmark indices Nifty and Sensex recorded slight declines of -0.06% and -0.04%, respectively.

Trading Insights and Support Levels:

The futures market saw a slight drop of -0.19%, accompanied by a 0.51% rise in open interest, signaling potential short-term downward pressure.

For the upcoming sessions, key resistance levels to watch are ₹1230.67, ₹1237.18, and ₹1244.47. Support levels are at ₹1216.87, ₹1209.58, and ₹1203.07.

Reliance Industries' stock has shown a steady increase of 0.02% today, reflecting investor interest amidst mixed sector performance. As the stock continues to hover below its 52-week high, market watchers should closely observe upcoming trends and key resistance/support levels for potential shifts.