Intraday Trading Highlights
Reliance Industries Ltd (Stock ID: 605152), a key player in the oil sector, opened the day with a significant gap-up of 6.57%, signalling strong buying interest from the outset. The stock maintained upward momentum throughout the session, eventually touching its intraday peak at Rs 1,489, representing a 7.11% rise from its previous close. By the end of the trading day, the stock recorded a gain of 3.87%, outperforming the Oil Exploration/Refineries sector, which advanced by 2.69%.
This performance also eclipsed the broader market benchmark, the Sensex, which closed with a 2.79% gain despite losing momentum after a gap-up opening. Reliance Industries Ltd’s 1-day return of 3.74% notably surpassed the Sensex’s 2.76% gain, underscoring the stock’s relative strength in today’s trading session.
Technical Positioning and Moving Averages
From a technical perspective, Reliance Industries Ltd’s price action remains above its 5-day and 200-day moving averages, indicating short-term and long-term support levels are intact. However, the stock is trading below its 20-day, 50-day, and 100-day moving averages, suggesting some resistance in the medium term. This mixed technical picture reflects a stock that is currently navigating through key moving average levels, with today’s surge providing a positive short-term signal.
Over the last two trading days, Reliance Industries Ltd has recorded consecutive gains, accumulating a 7.27% return in this period. This recent upward trend contrasts with the broader 1-month performance, where the stock has declined by 9.44%, compared to the Sensex’s 2.15% drop. The 3-month performance also shows a modest decline of 2.84%, while the Sensex remained nearly flat with a 0.07% loss.
Built for the long haul! Consecutive quarters of strong growth landed this Small Cap from Chemicals on our Reliable Performers list. Sustainable gains are clearly ahead!
- - Long-term growth stock
- - Multi-quarter performance
- - Sustainable gains ahead
Market Context and Sector Performance
The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. The index opened sharply higher by 3,656.74 points but retreated by 1,377.93 points to close at 83,945.27, a 2.79% gain overall. Despite this pullback, the Sensex remains close to its 52-week high of 86,159.02, just 2.64% away. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a cautiously positive medium-term trend.
Within this environment, mega-cap stocks led the market rally, with Reliance Industries Ltd among the prominent gainers in the oil sector. The Oil Exploration/Refineries sector’s 2.69% gain was outpaced by Reliance’s 3.87% rise, highlighting the company’s relative strength amid sectoral advances.
Performance Across Time Horizons
Examining Reliance Industries Ltd’s performance over various time frames reveals a nuanced picture. The stock’s 1-week return stands at 4.43%, outperforming the Sensex’s 2.52% gain. However, over the year-to-date period, Reliance has declined by 8.11%, underperforming the Sensex’s 1.53% loss. Longer-term returns remain robust, with a 1-year gain of 15.83% compared to the Sensex’s 8.72%, and a 10-year return of 545.28%, significantly outpacing the Sensex’s 246.44% growth.
Over three and five years, Reliance’s returns of 35.85% and 63.92% respectively are slightly below the Sensex’s corresponding gains of 37.93% and 66.99%, reflecting some relative underperformance in the medium term.
Holding Reliance Industries Ltd from Oil? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Mojo Score and Rating Update
Reliance Industries Ltd currently holds a Mojo Score of 52.0, categorised as a Hold rating. This represents a downgrade from its previous Buy rating, which was revised on 6 Jan 2026. The company’s Market Cap Grade is 1, indicating its status as a mega-cap stock within the oil sector. These metrics provide a snapshot of the stock’s current standing within the MarketsMOJO framework, reflecting a cautious stance amid recent price movements.
Today’s strong intraday performance, however, highlights the stock’s ability to outperform both its sector and the broader market on a day of mixed trading conditions. The combination of a gap-up open, sustained buying interest, and a new intraday high at Rs 1,489 underscores the dynamic nature of trading activity in Reliance Industries Ltd.
Summary of Trading Action
In summary, Reliance Industries Ltd’s trading session on 3 Feb 2026 was marked by a strong intraday rally, with the stock reaching a high not seen in recent sessions. The 3.87% day gain and 7.11% intraday peak reflect robust demand, supported by the stock’s position relative to key moving averages and sectoral strength. While the broader market experienced volatility, Reliance’s performance stood out as a highlight within the oil sector and among mega-cap stocks.
Investors and market participants will note the stock’s recent consecutive gains and relative outperformance over short-term periods, balanced against some medium-term resistance levels. The trading action today adds a significant data point to the stock’s ongoing price trajectory and market positioning.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
