High Value Turnover and Trading Activity
On 22 January 2026, Reliance Industries recorded a total traded volume of 16,72,928 shares, translating into an impressive traded value of ₹23,648.18 lakhs. This positions the stock as one of the most actively traded equities by value on the day, underscoring its pivotal role in the oil sector and the broader market landscape. The stock opened at ₹1,410.10, touched a day high of ₹1,419.50, and a low of ₹1,406.80, before settling at the last traded price (LTP) of ₹1,414.60 as of 09:45 IST.
Price Performance and Market Context
Reliance’s 1-day return of 0.73% slightly underperformed the sector return of 0.92% and the Sensex’s 0.96% gain, indicating a relatively cautious stance among traders. However, the stock has been on a positive trajectory over the last two days, delivering a cumulative return of 1.72%. This consecutive gain suggests a steady accumulation phase, albeit within a narrow trading range of ₹12.7, reflecting measured investor optimism.
Technical and Moving Average Analysis
Despite the recent gains, Reliance Industries is currently trading below its key moving averages – the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates that the stock remains under pressure from a medium to long-term perspective, with resistance levels yet to be decisively breached. Such a scenario often points to a consolidation phase where investors await clearer directional cues.
Rising Investor Participation and Delivery Volumes
Investor participation has notably increased, with delivery volumes on 21 January reaching 85.68 lakh shares, marking an 8.74% rise compared to the 5-day average delivery volume. This uptick in delivery volumes is a positive sign of genuine buying interest rather than speculative intraday trading, which could provide a firmer base for the stock’s price stability and potential upside.
Liquidity and Trade Size Considerations
Reliance’s liquidity remains strong, with the stock’s traded value representing approximately 2% of its 5-day average traded value. This liquidity profile supports sizeable trade executions, with an estimated comfortable trade size of ₹44.83 crore. Such liquidity is crucial for institutional investors and large traders who require minimal market impact when entering or exiting positions.
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Mojo Score and Rating Update
MarketsMOJO assigns Reliance Industries a Mojo Score of 62.0, categorising it with a Hold grade as of 6 January 2026, a downgrade from its previous Buy rating. This adjustment reflects a more cautious outlook based on recent price action, valuation metrics, and sectoral dynamics. The company’s market capitalisation stands at a formidable ₹18,99,823 crore, affirming its status as a large-cap heavyweight within the oil industry.
Sectoral and Market Comparisons
Within the oil sector, Reliance’s performance today aligns broadly with sectoral trends, neither significantly outperforming nor lagging behind peers. The sector’s 1-day return of 0.92% and the Sensex’s 0.96% gain provide a benchmark against which Reliance’s 0.73% return is slightly subdued. This relative underperformance may be attributed to profit-taking or cautious positioning ahead of upcoming earnings or macroeconomic data releases.
Institutional Interest and Order Flow Dynamics
The substantial traded value and rising delivery volumes suggest strong institutional interest in Reliance Industries. Large order flows are likely being executed with minimal slippage due to the stock’s liquidity profile. This institutional participation is critical in sustaining price levels and providing directional impetus, especially in a stock that is a bellwether for the oil sector and the broader market.
Outlook and Investor Considerations
While the Hold rating and technical positioning below key moving averages counsel caution, the steady accumulation and rising delivery volumes indicate underlying strength. Investors should monitor upcoming quarterly results, global oil price movements, and sectoral developments closely. Given Reliance’s market leadership and diversified business model, it remains a core portfolio holding for many, but near-term volatility cannot be ruled out.
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Summary
Reliance Industries Ltd remains a focal point for traders and investors alike, driven by its high value turnover, institutional interest, and solid liquidity. Despite a recent downgrade to Hold by MarketsMOJO and trading below key moving averages, the stock’s rising delivery volumes and consecutive gains suggest a cautious but constructive market stance. Investors should weigh these factors carefully, considering both the company’s dominant market position and the prevailing technical signals before making allocation decisions.
Key Metrics at a Glance (22 Jan 2026)
- Total Traded Volume: 16,72,928 shares
- Total Traded Value: ₹23,648.18 lakhs
- Opening Price: ₹1,410.10
- Day High: ₹1,419.50
- Day Low: ₹1,406.80
- Last Traded Price: ₹1,414.60
- 1-Day Return: 0.73%
- Mojo Score: 62.0 (Hold)
- Market Cap: ₹18,99,823 crore
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