Reliance Industries Sees Increased 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 8,354,354 shares and a total traded value of approximately Rs 118.75 crores. The stock opened at Rs 1,426.0 and reached a day high of Rs 1,426.0, while the day low was recorded at Rs 1,414.4. As of the last update, the last traded price (LTP) stands at Rs 1,425.0.
In terms of performance, Reliance's stock has shown a slight decline of 0.45% for the day, which is in line with the sector's performance, as the sector recorded a 1D return of -0.28%. The stock has traded within a narrow range of Rs 8.5 today. Notably, the stock is currently above its 100-day and 200-day moving averages, although it is below the 5-day, 20-day, and 50-day moving averages.

Investor participation appears to be declining, with a delivery volume of 608,200 shares on July 23, reflecting a significant drop of 45.12% compared to the 5-day average delivery volume. Despite this, the stock remains liquid enough for a trade size of Rs 44.64 crores, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to maintain a strong market position with a market capitalization of approximately Rs 19,19,174.74 crores.