Reliance Home Finance Shows Positive Momentum After Extended Decline in Trading Activity

May 12 2025 02:00 PM IST
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Reliance Home Finance Ltd experienced significant trading activity, reaching its upper circuit limit with a notable price increase after eight days of decline. The stock saw a total volume of approximately 29.29 lakh shares, indicating strong market interest and a positive shift in momentum within the finance sector.
Reliance Home Finance Ltd, a microcap player in the Finance - Housing sector, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 3.26. The stock experienced a notable change of Rs 0.27, reflecting a percentage increase of 9.09%. This performance marks a trend reversal, as the stock has gained after eight consecutive days of decline.

The trading session saw a total volume of approximately 29.29 lakh shares, resulting in a turnover of around Rs 0.94 crore. The stock's last traded price (LTP) stands at Rs 3.24, which is slightly below the day's high but still indicates strong market interest.

In terms of performance metrics, Reliance Home Finance has outperformed its sector by 5.05%, while the broader Finance - Housing sector itself gained 4.8%. The stock's liquidity remains adequate, with delivery volume recorded at 15.13 lakh shares, although this represents a decline of 17.98% compared to the five-day average.

Overall, Reliance Home Finance Ltd's performance today highlights a positive shift in momentum, reflecting a recovery in the stock's activity within the finance sector.
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