Reliance Industries Shows High Trading Activity Amidst Sector Underperformance and Declining Investor Participation

Reliance Industries Ltd, a prominent player in the oil industry, has been one of the most active equities today, with a total traded volume of 996,534 shares and a total traded value of approximately Rs 15,115.53 lakhs. The stock opened at Rs 1,520.8 and reached a day high of Rs 1,524.4, while the day low was recorded at Rs 1,513.0. As of the latest update, the last traded price (LTP) stands at Rs 1,522.0.
Despite its active trading, Reliance Industries has underperformed its sector by 0.32% today, marking a consecutive decline over the last two days with a total return of -0.9% during this period. The stock has traded within a narrow range of Rs 11.4, indicating limited volatility. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable trend in the longer term.

Investor participation appears to be waning, with delivery volume on July 2 falling by 50.36% compared to the 5-day average. However, the stock remains liquid enough for a trade size of Rs 33.29 crore, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to exhibit significant trading activity amidst a challenging market environment.