Reliance Industries Shows Strong Trading Activity Amid Declining Investor Participation

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active equities today, with a total traded volume of 925,431 shares and a total traded value of approximately Rs 141.91 crores. The stock opened at Rs 1,526.6 and reached a day high of Rs 1,539.5, while the day low was recorded at Rs 1,525.0. As of the latest update, the last traded price stands at Rs 1,536.0.
Currently, Reliance Industries is positioned close to its 52-week high, just 4.85% away from Rs 1,608.8. The stock has shown consistent performance, gaining 1.09% over the last two days and reflecting a 0.62% return today, which is in line with the sector's 0.36% return. Notably, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

However, there has been a decline in investor participation, with delivery volume dropping by 20.25% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 28.71 crores, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate solid performance metrics within the oil sector.