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Reliance Industries Ltd Share Price (RELIANCE)

₹2928.650.1%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Reliance Industries Ltd share Performance

  • ₹2918.7
    ₹2972
    ₹2928.65
    downward going graph

    0.34%

    Low

    Day's Volatility:1.82%

    High

    1.48%

    downward going graph
  • ₹2111.68
    ₹3024.9
    ₹2928.65
    downward going graph

    27.90%

    Low

    52 Weeks Volatility:31.18%

    High

    3.29%

    downward going graph
1 Month Return1.83 %
3 Month Return7.15 %
1 Year Return37.97 %
Previous Close₹2,931.50
Open₹2,927.00
Volume95.01L
Upper Circuit-
Lower Circuit-
Market Cap₹19,83,361.85Cr

Analyst Rating for Reliance Industries Ltd stock

based on 34 analysts

BUY
78.79%
Buy
15.15%
Hold
6.06%
Sell

Based on 34 analysts offering long term price targets for Reliance Industries Ltd. An average target of ₹2982.29

Source: S&P Global Market Intelligence

Company Information

Reliance Industries Ltd is an Indian multinational conglomerate founded by Dhirubhai Ambani in 1966 and is headquartered in Mumbai, India. It is India's most valuable company by market value, and is also the largest publicly traded company in India by market capitalization.

The company operates in four main lines of business: petrochemicals, retail, telecommunications, and energy. Its petrochemical business is the largest in India, and its retail business is the largest in India in terms of revenue. It also has a strong presence in the telecommunications sector, with its Jio brand being one of the largest telecom operators in India. In the energy sector, Reliance Industries has a strong presence in the oil and gas industry and is one of the largest players in the sector.

Reliance Industries' top products include polyester, polypropylene, polyethylene, and polyvinyl chloride. Its popular brands include Reliance Petroleum, Reliance Retail, Reliance Jio, and Reliance Energy. The company also has a strong presence in the media and entertainment industry, with its Reliance Entertainment brand being one of the largest players in the industry.

Share Price: ₹2928.65 per share as on 18 Apr, 2024 04:01 PM
Market Capitalisation: ₹19,83,361.85Cr as of today
Revenue: ₹2,25,086.00Cr as on December 2023 (Q4 23)
Net Profit: ₹19,641.00Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: Mukesh D Ambani
OrganisationReliance Industries Ltd
HeadquartersMumbai
IndustryRefineries
E-voting on sharesClick here to vote

What's happening

  • img

    Today's Timeline - 18 Apr

    10:22 AM

    -

    PM Modi's policy changes encourage private companies to invest in space industry.

    11:18 AM

    -

    Reliance Industries' demerged entity forms 50:50 JV with Blackrock for wealth business.

    12:22 PM

    -

    IIFL Securities raises Jio's Enterprise Value to $104 billion from $96 billion, expects tariff hikes and IPO.

  • img

    Today's Timeline - 18 Apr

    03:04 PM

    -

    Analysts predict across-the-board tariff hike will benefit Reliance Jio and Bharti Airtel.

    03:14 PM

    -

    Nokia reports a 69% YoY fall in net sales in India due to normalisation of investments by Reliance Jio and Bharti Airtel.

    04:27 PM

    -

    Reliance Industries holds a 52.86% stake in Hathway Cable & Datacom Limited as per latest shareholding data.

Key events for Reliance Industries Ltd

  • Policy Changes Encourage Private Investment in Space Industry; IIFL Raises Jio's EV - 18 Apr, 2024

    Reliance Industries is set to benefit from policy changes encouraging private investment in the space industry. Additionally, IIFL Securities raised Jio's Enterprise Value to $104 billion, predicting imminent tariff hikes and an IPO. Nokia reported a significant YoY fall in net sales in India, while Reliance Industries holds a majority stake in Hathway Cable & Datacom Limited.

  • Reliance Industries Eyes Expansion with Potential Acquisition and Green Energy Investment - 17 Apr, 2024

    Reliance Industries is reportedly in talks to potentially acquire the loss-making 24Seven convenience chain. Additionally, Kandla Port has allocated land for Reliance to set up green hydrogen and ammonia production units, aiming to achieve a production target of 1.5 mmtpa of green hydrogen and 7 mmtpa of green ammonia at an estimated investment of Rs 1 trillion.

  • Reliance Industries Ventures Into Wealth Management Business Through JV With BlackRock - 16 Apr, 2024

    Reliance Industries is set to enter the stockbroking and wealth management business through a joint venture with BlackRock. Additionally, Jio Financial Services has entered a JV with BlackRock to foray into wealth management and broking businesses in India. RIL's board will meet on April 22, 2024, to approve audited financial results and recommend dividends for FY 2023-24.

  • RIL's Joint Venture with BlackRock for Wealth Management Expansion - 15 Apr, 2024

    Reliance Industries' subsidiary Jio Financial Services has entered into a joint venture with BlackRock for expanding wealth management and broking services in India. Axis Securities initiated a buy rating on RIL, increasing its target price by 20%. Former CFO of RIL, Alok Agarwal, joined Modulus Alternatives as an equity partner. Advisor to the President of El Salvador visited India and met with industry leaders in technology and infrastructure sectors, including Reliance on 5G technology. RIL to announce Q4 financial results on April 22.

  • Steady Q4 Expected for Reliance Jio, Airtel & Vodafone Idea - 14 Apr, 2024

    Analysts predict largely stable Q4 revenues and profits for Reliance Jio, Bharti Airtel and Vodafone Idea, with potential for improved H1 performance due to anticipated tariff hikes.

  • Telecom Industry Prepares for Tariff Hike in India - 12 Apr, 2024

    The Indian telecom industry is preparing for a significant tariff hike estimated between 15-17%, post-election period. Analysts predict Bharti Airtel as the primary beneficiary. Meanwhile, Reliance Jio and Bharti Airtel continue to gain subscribers at the cost of Vodafone Idea and BSNL.

  • RIL in Talks with Tesla for Joint Venture in India - 11 Apr, 2024

    Reliance Industries Limited is reportedly in talks with Tesla for a potential joint venture to set up a manufacturing facility in India. Additionally, RIL completed a project to safeguard wildlife, while its subsidiary faced a Supreme Court ruling. Telecom tariffs are also expected to rise.

  • Reliance Industries in Talks with Tesla for Joint Venture - 10 Apr, 2024

    Reliance Industries is reportedly in talks with Tesla for a potential joint venture to establish an EV manufacturing facility in India. Additionally, Reliance has secured land parcels at DPA in Kandla to set up green hydrogen and ammonia production units. The Supreme Court reversed its previous order asking DMRC to pay ₹8,000 crore to Anil Ambani's firm, causing shares of Reliance Infrastructure to plunge. Reliance also emerged as the top bidder in a global tender to construct green hydrogen and ammonia facilities.

  • Reliance Industries Sees Potential for Re-Rating Across Verticals - 09 Apr, 2024

    Morgan Stanley maintains an overweight rating on Reliance Industries with a target of ₹3,046 per share. The Sensex and Nifty 50 finished Monday's trading session higher. Multiple areas of re-rating are expected for Reliance Industries. $8.5 billion merger between Reliance and Disney helped overall deal activity in March quarter reach nearly two-year high.

  • Reliance Jio's ARPU Climbs; Bharti Airtel Adds More Active Users Than Jio - 08 Apr, 2024

    Reliance Jio's ARPU rose while Bharti Airtel added more active mobile users than Reliance Jio in February 2024, as per latest customer data put out by Trai. Additionally, RIL's gains contributed the most to the gains in both the Sensex and Nifty.

  • Reliance Jio Raises Funds; Anant Ambani's Shopping Spree Creates Social Media Buzz - 07 Apr, 2024

    Reliance Jio plans to raise $1.5 billion to compete with bigger rivals while Anant Ambani's extravagant shopping spree in Dubai creates buzz on social media.

  • Reliance Faces Competition from Amazon's Bazaar; Reliance Digital Offers Discounts - 06 Apr, 2024

    Reliance Industries faces competition from Amazon's new store, Bazaar, which aims to rival Reliance's Ajio. Meanwhile, Reliance Digital has launched its Digital Discount Days, offering discounts on electronics.

  • Reliance Jio and Bharti Airtel Expected to Lead Q4FY24 Results - 05 Apr, 2024

    According to JM Financials, Reliance Jio Infocomm and Bharti Airtel are expected to lead the pack in the upcoming fourth quarter results of fiscal 2023-24 (Q4FY24). Bharti Airtel is the top pick as it is the biggest beneficiary of structural uptrend in industry average revenue per user or ARPU.

  • Reliance Industries Bids for Govt. Hydrogen Project; Mukesh Ambani Among World's Top 10 Wealthiest Persons - 04 Apr, 2024

    Reliance Industries bids for the government's pilot project for the use of green/grey hydrogen in the transport sector. Mukesh Ambani breaks into the world's top-10 wealthiest persons in Forbes 2024 Billionaire List.

  • RIL Expands with Merger and Phenomenal Growth - 03 Apr, 2024

    Reliance Industries is expanding its reach with a merger between Viacom18 and Star India, giving Jio superior access to content. Mukesh Ambani's assets have risen by $33 bln due to phenomenal growth in various sectors. The NSE has announced plans to distribute several indices through online channels.

  • Reliance Industries Signs Power Agreement and Meta Establishes Data Center in India - 02 Apr, 2024

    Reliance Industries signs a power purchase agreement with Adani Power's subsidiary and Meta Platforms establishes its first data center in India at the Reliance Industries campus in Chennai. Additionally, Reliance Jio adds over 41 lakh new mobile users.

  • Reliance Industries Sees Growth Across Sectors - 01 Apr, 2024

    Reliance Industries sees growth across sectors, including telecom, retail, and energy. The company's subsidiary, Reliance Jio, continues to add wireless subscribers, while PE firms invest heavily in both Jio and Reliance Retail.

  • Reliance Industries Invests in New Energy and Retail Sectors - 31 Mar, 2024

    Reliance Industries has invested heavily in hydrocarbon and telecom businesses in the past decade, but is now expected to focus on less capex-heavy retail and upstream new energy sectors. Goldman Sachs predicts that the company will make these investments over the next three years.

  • Mukesh Ambani Praises Gems and Jewellery Industry Potential - 30 Mar, 2024

    Mukesh Ambani, Chairman of Reliance Industries Ltd, praised the gems and jewellery industry for its potential to achieve $100 billion in exports over the next many decades.

  • Reliance Acquires Stake in Adani Power's Arm; GSMA Urges Recognition of 6GHz Band for 5G Growth - 29 Mar, 2024

    Reliance Industries acquires a 26% stake in Adani Power's thermal power arm Mahan Energen for captive power use and enters into a long-term power purchase agreement. Meanwhile, GSMA urges the recognition of the 6 GHz band for IMT or commercial mobile services in India to support 5G growth.

Fundamentals of Reliance Industries Ltd

Insights on Reliance Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 6.41% to 6.81% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, RELIANCE stock has moved up by 69.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 49.11% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Indian Oil Corporation Ltd has given 116.7% return, outperforming this stock by 78.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Indian Oil Corporation Ltd has given 187.8% return, outperforming this stock by 118.0%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 17.39K Cr → 17.26K Cr (in ₹), with an average decrease of 0.7% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 22.08% to 21.46% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 10.70% to 10.52% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 2.35L Cr → 2.29L Cr (in ₹), with an average decrease of 2.8% per quarter

Reliance Industries Ltd Valuation

Reliance Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.41x)

March 23, 2020

Today (29.73x)

April 16, 2024

Industry (46.68x)

April 16, 2024

Highest (36.05x)

October 14, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth8.09%
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth5.34%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth7.96%
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth7.28%
Axis Bluechip Fund Direct Plan GrowthAxis Bluechip Fund Direct Plan Growth7.1%

Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
49.11%
0.00
Foreign Institutions
21.46%
-2.78
Mutual Funds
6.81%
6.24
Retail Investors
10.52%
-1.68
Others
12.1%
3.36

Technicals of Reliance Industries Ltd share

News & Events of Reliance Industries Ltd

News

Amara Raja Energy & Mobility Clinches TPM Excellence Awards

Japan Institute of Plant Maintenance (JIPM) bestows these awards to companies worldwide that excel in achieving high productivity, quality, and safety standards... Read more

21 Mar, 2024 09:26 AM

Amara Raja Energy & Mobility units win JIPM TPM Excellence Awards in Kyoto

Two units of Amara Raja Energy & Mobility Ltd (ARE&M), formerly known as Amara Raja Batteries Ltd, a solutions provider in the Energy & Mobility space, have... Read more

21 Mar, 2024 03:33 PM

Exide, Sadbhav, Info Edge, IIFL Finance, PNC Infratech & Amara Raja Batteries Surge on Positive Sentiment

The Indian stocks market top gainers today soar on economic optimism; Amara Raja Batteries, Exide, Sadbhav, Info Edge, IIFL Finance, PNC Infratech among top gai... Read more

08 Apr, 2024 04:08 PM
View More

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Reliance Industries Ltd (RELIANCE) share price today is ₹2928.65

Reliance Industries Ltd is listed on NSE

Reliance Industries Ltd is listed on BSE

  • Today’s highest price of Reliance Industries Ltd is ₹2972.
  • Today’s lowest price of Reliance Industries Ltd is ₹2918.7.

PE Ratio of Reliance Industries Ltd is 29.73

PE ratio = Reliance Industries Ltd Market price per share / Reliance Industries Ltd Earnings per share

Today’s traded volume of Reliance Industries Ltd(RELIANCE) is 95.01L.

Today’s market capitalisation of Reliance Industries Ltd(RELIANCE) is ₹1983361.85Cr.

Reliance Industries Ltd(RELIANCEPrice
52 Week High
₹3024.9
52 Week Low
₹2111.68

Reliance Industries Ltd(RELIANCE) share price is ₹2928.65. It is down -3.18% from its 52 Week High price of ₹3024.9

Reliance Industries Ltd(RELIANCE) share price is ₹2928.65. It is up 38.69% from its 52 Week Low price of ₹2111.68

Reliance Industries Ltd(RELIANCEReturns
1 Day Returns
-2.85%
1 Month Returns
1.83%
3 Month Returns
7.15%
1 Year Returns
37.97%