Reliance Home Finance Shows Strong Performance Amid Declining Investor Participation

Reliance Home Finance Ltd (RHFL) has emerged as one of the most actively traded stocks today, with a total traded volume of 23,094,652 shares and a total traded value of approximately Rs 1,150.11 lakhs. The stock opened at Rs 4.99 and reached a day high of Rs 5.04, while the day low was Rs 4.82. As of the latest update, the last traded price stands at Rs 5.04.
In terms of performance, Reliance Home Finance has outperformed its sector by 5.52%, marking a significant achievement. The stock has shown consistent gains over the past six days, accumulating a remarkable 52.73% return during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a noted decline in investor participation, with delivery volume on May 29 falling by 11.67% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 0.05 crore, based on 2% of the 5-day average traded value.

Overall, Reliance Home Finance Ltd continues to demonstrate robust performance metrics within the housing finance sector, reflecting its current market position.