Reliance Industries Shows Strong Performance 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 4,005,589 shares and a total traded value of approximately Rs 57,612.39 lakhs. The stock opened at Rs 1,428.00 and reached a day high of Rs 1,444.70, while the day low was recorded at Rs 1,423.60. As of the latest update, the last traded price stands at Rs 1,442.10.
In terms of performance, Reliance Industries has outperformed its sector by 0.32%, marking a 1.29% return for the day, compared to a 1.03% return for the sector and a 0.40% return for the Sensex. The stock has shown consistent gains over the past two days, accumulating a total return of 2.65% during this period. Notably, Reliance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume on June 4 falling by 12.46% against the 5-day average. Despite this, the stock remains liquid enough for trade sizes of Rs 32.74 crore, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate robust performance metrics within the large-cap oil sector.