Reliance Share Price Update
Market Performance
On Tuesday, October 12, the stock market experienced a rise, positively impacting shares of Reliance Industries Limited (NSE: RELIANCE). After a series of declines, Reliance shares rallied, trading 0.57% higher at Rs 1,280.
Current Stock Status
Recently, Reliance Industries shares have been under pressure, dropping 8% over the last month, making it one of the underperformers in the Nifty 50 index. On Wednesday, November 13, 2024, the stock was priced at Rs 1,264, reflecting a further decline of 0.70%.
Stock Chart Analysis
Technical analysis shows Reliance Industries shares fell sharply after reaching a peak of Rs 1,608, currently trading below the 200-day exponential moving average. This represents a decline of over 20% from its record high.
Brokerage Recommendations
AXIS Capital brokerage has issued a BUY rating for Reliance Industries shares, suggesting a target price of Rs 1,779, indicating optimism for future performance despite recent volatility.
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News in Hindi | Reliance Share Price 13 November 2024 Hindi News.
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Summary at glance
On Tuesday, October 12, Reliance Industries Limited shares saw a 0.57% increase, trading at Rs 1,280, despite a recent decline of 8% over the past month. The stock has fallen more than 20% from its record high of Rs 1,608 following a bonus issue. AXIS Capital has issued a “BUY” rating for the shares, recommending a target price of Rs 1,779. Investors are advised to consult financial advisors before investing.
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