Reliance Industries Displays Strong Trading Activity Amid Decreased 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 1,667,716 shares and a total traded value of approximately Rs 24,223.74 lakhs. The stock opened at Rs 1,457.0 and reached a day high of Rs 1,457.5, while the day low was recorded at Rs 1,446.7. As of the latest update, the last traded price stands at Rs 1,448.9.
In terms of performance, Reliance Industries has shown a consistent upward trend, gaining for the last four consecutive days with a total return of 3.07% during this period. The stock has maintained a narrow trading range of Rs 11.7 today. Notably, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position relative to these benchmarks.

However, there has been a decline in investor participation, with delivery volume on June 6 falling by 20.75% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 30.44 crore, reflecting its market cap of approximately Rs 19,59,907.47 crore. Overall, Reliance Industries continues to demonstrate solid performance metrics within the oil sector.