Reliance Industries Shows Increased Volatility Amid Broader Market Trends

Reliance Industries, a prominent player in the oil exploration and refineries sector, has shown notable activity today, aligning its performance with the broader market trends. The stock has experienced a consecutive gain over the last three days, accumulating a total return of 4.73% during this period. Today's trading saw the stock fluctuate within a narrow range of Rs 6.95, reflecting high volatility with an intraday volatility rate of 469.14%, calculated from the weighted average price.
In terms of moving averages, Reliance Industries is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The company's market capitalization stands at Rs 17,59,072.67 crore, categorizing it as a large-cap stock. With a price-to-earnings (P/E) ratio of 25.34, it is notably higher than the industry average of 17.55.

Over the past year, Reliance Industries has faced a decline of 12.19%, contrasting with the Sensex's positive performance of 7.77%. However, year-to-date, the stock has gained 6.95%, outperforming the Sensex, which has risen by 1.57%.