Stock Performance and Market Context
Reliance Industries Ltd (Stock ID: 605152) has demonstrated notable strength in recent sessions, with the stock gaining for two consecutive days and delivering a cumulative return of 3% over this period. Today’s price surge of 1.23% outpaced the oil sector by 0.72%, reflecting the company’s leadership within its industry. The stock is currently trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day marks, signalling sustained bullish momentum.
The broader market backdrop has also been supportive. The Sensex opened flat but has since gained 0.19%, trading at 85,380.34 points, just 0.91% shy of its own 52-week high of 86,159.02. The index’s position above its 50-day moving average, which itself is above the 200-day moving average, indicates a healthy market trend. Mega-cap stocks, including Reliance Industries Ltd, have been key drivers of this market strength.
Long-Term Performance and Valuation Metrics
Over the past year, Reliance Industries Ltd has outperformed the Sensex significantly, delivering a 30.05% return compared to the benchmark’s 8.76%. This outperformance is supported by solid fundamentals. The company’s net sales have grown at an annualised rate of 15.36%, while operating profit has expanded at 16.84% annually. Profit growth over the last year has been robust at 22.4%, contributing to a PEG ratio of 1.1, which suggests a balanced valuation relative to earnings growth.
Reliance’s return on capital employed (ROCE) stands at 11.8%, complemented by an enterprise value to capital employed ratio of 2.2, indicating a fair valuation compared to its peers. The company’s debt servicing capability remains strong, with a low Debt to EBITDA ratio of 1.04 times, underscoring financial stability despite the sector’s capital-intensive nature.
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Market Capitalisation and Sector Influence
Reliance Industries Ltd holds a commanding position in the oil sector with a market capitalisation of Rs 21,23,786 crore, making it the largest company in its industry. It accounts for 69.50% of the sector’s total market cap, reflecting its dominant influence. The company’s annual sales of Rs 999,629 crore represent 28.73% of the entire industry’s revenue, further emphasising its scale and market leadership.
Institutional investors hold a significant 39.08% stake in the company, indicating strong backing from entities with extensive analytical resources. This level of institutional ownership often correlates with greater market confidence and stability in shareholding patterns.
Recent Rating Upgrade and Mojo Score
On 3 November 2025, MarketsMojo upgraded Reliance Industries Ltd’s Mojo Grade from Hold to Buy, reflecting improved fundamentals and positive momentum. The company currently holds a Mojo Score of 70.0, signalling a favourable outlook based on comprehensive quantitative analysis. The Market Cap Grade is rated at 1, underscoring its status as a mega-cap stock with significant market presence.
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Price Range and Technical Indicators
The stock’s 52-week low stands at Rs 1115.55, highlighting the substantial appreciation to the current high of Rs 1587.45. This represents a price increase of over 42% from the low point within the last year. The consistent trading above all major moving averages confirms a strong technical foundation underpinning the rally.
Reliance Industries Ltd’s outperformance relative to the BSE500 index is notable, with the stock generating a 30.05% return over the past year compared to the index’s 6.03%. This market-beating performance is a testament to the company’s operational scale and financial health.
Financial Metrics and Profitability
The company’s profitability metrics remain robust, with net profit after tax (PAT) quarterly figures at Rs 18,165 crore. While there has been a decline of 10.9% compared to the previous four-quarter average, the overall trend in profit growth over the year remains positive. Inventory turnover ratio for the half-year is at 0.69 times, the lowest in the sector, which may warrant monitoring but has not impeded the stock’s upward trajectory.
Debt-equity ratio for the half-year is at 1.42 times, the highest in the sector, yet the company’s low Debt to EBITDA ratio of 1.04 times indicates manageable leverage relative to earnings.
Sector and Market Positioning
Reliance Industries Ltd’s dominant position in the oil sector is reinforced by its substantial contribution to sector sales and market capitalisation. The company’s scale and financial metrics place it among the top 1% of all 4,000 stocks rated by MarketsMojo, highlighting its elite status in the Indian equity market.
Summary of Key Indicators
To summarise, Reliance Industries Ltd’s new 52-week high of Rs 1587.45 reflects a combination of strong financial performance, favourable market conditions, and sustained investor confidence. The stock’s leadership in the oil sector, supported by solid growth in sales and profits, alongside prudent financial management, has driven this milestone.
The company’s upgraded Mojo Grade to Buy and a Mojo Score of 70.0 further validate its current standing. Trading above all major moving averages and outperforming both sector and broader market indices, Reliance Industries Ltd continues to demonstrate resilience and strength in a competitive environment.
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