Reliance Share Price | Signs of rocket rise in Reliance Industries share, stock will prosper – NSE: RELIANCE
Reliance Share Price | The stock market rose on Thursday, January 16, 2025. BSE Sensex closed at 76,724.08, up 224.45 points or 0.25 per cent. At the same time, Nifty of National Stock Exchange also increased by 37.15 points or 0.15 percent to reach 23,213.20 points in the initial phase. Now experts of Yes Securities brokerage firm have indicated positive bullishness in the shares of Reliance Industries.
Current status of Reliance Industries Company share
On Thursday, January 16, 2025, Reliance Industries Limited shares were trading at Rs 1,275, up 1.82 percent. The 52-week high of Reliance Industries Limited Company stock was Rs 1,608.80, while the 52-week low of the stock was Rs 1,201.50. The total market cap of Reliance Industries Limited Company is currently Rs 17,25,242 crore. On Friday (January 17, 2025), the stock was trading 2.00% higher at Rs 1,294.
Reliance Industries stock in oversold zone – target price
Experts of Yes Securities brokerage firm have given important indications regarding the shares of Reliance Industries. Reliance Industries shares are trading in the oversold zone. Although Reliance Industries shares have fallen 25 per cent from their six-month high of Rs 1,608, experts say there is a possibility of a change in trend due to recent trading activity. The stock of Reliance Industries Company recently moved above the 20-day SMA after an extended period, indicating a rally. A successful breakout of Reliance Industries stock above the resistance level of Rs 1,270 on the daily chart could lead to a rally towards the price zone of Rs 1,370 – 1,400. However, experts have advised investors to keep a stoploss of Rs 1,200.
How much return did Reliance Industries share give?
Reliance Industries Company share has given 2.27% return in the last five days. Reliance Industries Company share has given 0.53% return in the last one month. The stock has declined 19.11% in the last six months. The stock has declined 7.25% in the last one year. In the last five years, Reliance Industries Company shares have given 62.82% returns. The share has given 4,709.51% return in the long term. However, on YTD basis, Reliance Industries Company shares have given a return of 4.40%.
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