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Reliance Industries Limited
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Let's analyse Reliance Industries Limited together

PenkeI guess you are interested in Reliance Industries Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Reliance Industries Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Reliance Industries Limited (30 sec.)










What can you expect buying and holding a share of Reliance Industries Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.36
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR1,058.03
Expected worth in 1 year
INR681.96
How sure are you?
87.5%

+ What do you gain per year?

Total Gains per Share
INR-346.02
Return On Investment
-11.6%

For what price can you sell your share?

Current Price per Share
INR2,976.80
Expected price per share
INR2,645 - INR3,025
How sure are you?
50%

1. Valuation of Reliance Industries Limited (5 min.)




Live pricePrice per Share (EOD)

INR2,976.80

Intrinsic Value Per Share

INR-1,210.02 - INR-617.15

Total Value Per Share

INR-151.99 - INR440.88

2. Growth of Reliance Industries Limited (5 min.)




Is Reliance Industries Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$85.9b$93.5b-$7.6b-8.9%

How much money is Reliance Industries Limited making?

Current yearPrevious yearGrowGrow %
Making money$8b$7.2b$719.6m9.0%
Net Profit Margin7.5%8.5%--

How much money comes from the company's main activities?

3. Financial Health of Reliance Industries Limited (5 min.)




4. Comparing to competitors in the Oil & Gas Refining & Marketing industry (5 min.)




  Industry Rankings (Oil & Gas Refining & Marketing)  

What can you expect buying and holding a share of Reliance Industries Limited? (5 min.)

Welcome investor! Reliance Industries Limited's management wants to use your money to grow the business. In return you get a share of Reliance Industries Limited.

What can you expect buying and holding a share of Reliance Industries Limited?

First you should know what it really means to hold a share of Reliance Industries Limited. And how you can make/lose money.

Speculation

The Price per Share of Reliance Industries Limited is INR2,977. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Reliance Industries Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Reliance Industries Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR1,058.03. Based on the TTM, the Book Value Change Per Share is INR-94.02 per quarter. Based on the YOY, the Book Value Change Per Share is INR117.22 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR7.51 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Reliance Industries Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.180.0%1.180.0%1.080.0%0.910.0%0.780.0%
Usd Book Value Change Per Share-1.130.0%-1.130.0%1.410.0%1.500.1%1.590.1%
Usd Dividend Per Share0.090.0%0.090.0%0.080.0%0.080.0%0.070.0%
Usd Total Gains Per Share-1.040.0%-1.040.0%1.480.0%1.570.1%1.660.1%
Usd Price Per Share25.50-25.50-28.81-20.66-17.35-
Price to Earnings Ratio21.56-21.56-26.76-22.43-22.02-
Price-to-Total Gains Ratio-24.57--24.57-19.43-3.63-7.82-
Price to Book Ratio2.01-2.01-2.08-1.91-2.16-
Price-to-Total Gains Ratio-24.57--24.57-19.43-3.63-7.82-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share35.7216
Number of shares27
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.090.08
Usd Book Value Change Per Share-1.131.50
Usd Total Gains Per Share-1.041.57
Gains per Quarter (27 shares)-28.0342.50
Gains per Year (27 shares)-112.11170.02
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
110-122-1228162160
219-244-23416324330
329-366-34625485500
439-487-45833647670
549-609-57041809840
658-731-682499711010
768-853-7945811331180
878-975-9066612941350
988-1097-10187414561520
1097-1218-11308216181690

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.01.00.087.5%7.01.00.087.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.01.00.087.5%7.01.00.087.5%

Fundamentals of Reliance Industries Limited

About Reliance Industries Limited

Reliance Industries Limited engages in hydrocarbon exploration and production, oil and chemicals, textile, retail, digital, material and composites, renewables, and financial services businesses worldwide. The company produces and markets petroleum products, such as liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosene oil, diesel, Sulphur, and petroleum coke. It also provides petrochemicals, including high-density and low-density polyethylene (PE), linear low density PE, polyester fibers and yarns, polypropylene, polyvinyl chloride, purified terephthalic acid, ethylene glycols and oxide, paraxylene, ortho xylene, benzene, linear alkyl benzene and paraffin, poly butadiene rubber, styrene butadiene rubber, butyl rubber, and polyethylene terephthalate. In addition, the company manufactures and markets yarns, fabrics, apparel, and auto furnishings; explores, develops, and produces crude oil and natural gas; and operates various stores comprising neighborhood, supermarket, hypermarket, wholesale cash and carry, specialty, online stores, as well as stores that offer apparel, beauty and cosmetics, accessories, footwear, consumer electronics, connectivity products, and others. Further, the company provides range of digital services under the Jio brand name; and non-banking financial and insurance broking services. Additionally, it operates news and entertainment platforms, and Network18 and television channels; publishes magazines; and offers highway hospitality and fleet management services. Reliance Industries Limited was incorporated in 1973 and is based in Mumbai, India.

Fundamental data was last updated by Penke on 2024-03-12 15:40:08.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Reliance Industries Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Reliance Industries Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • A Net Profit Margin of 7.5% means that ₹0.07 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Reliance Industries Limited:

  • The MRQ is 7.5%. The company is making a profit. +1
  • The TTM is 7.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.5%TTM7.5%0.0%
TTM7.5%YOY8.5%-1.0%
TTM7.5%5Y7.9%-0.4%
5Y7.9%10Y8.4%-0.6%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ7.5%2.2%+5.3%
TTM7.5%2.5%+5.0%
YOY8.5%2.9%+5.6%
5Y7.9%1.9%+6.0%
10Y8.4%2.6%+5.8%
1.1.2. Return on Assets

Shows how efficient Reliance Industries Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • 4.1% Return on Assets means that Reliance Industries Limited generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Reliance Industries Limited:

  • The MRQ is 4.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.1%TTM4.1%0.0%
TTM4.1%YOY4.0%+0.1%
TTM4.1%5Y3.8%+0.3%
5Y3.8%10Y4.1%-0.3%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1%1.2%+2.9%
TTM4.1%1.6%+2.5%
YOY4.0%1.9%+2.1%
5Y3.8%1.2%+2.6%
10Y4.1%1.3%+2.8%
1.1.3. Return on Equity

Shows how efficient Reliance Industries Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • 9.3% Return on Equity means Reliance Industries Limited generated ₹0.09 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Reliance Industries Limited:

  • The MRQ is 9.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.3%TTM9.3%0.0%
TTM9.3%YOY7.8%+1.5%
TTM9.3%5Y8.6%+0.7%
5Y8.6%10Y9.9%-1.3%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ9.3%3.7%+5.6%
TTM9.3%4.1%+5.2%
YOY7.8%5.5%+2.3%
5Y8.6%2.9%+5.7%
10Y9.9%3.5%+6.4%

1.2. Operating Efficiency of Reliance Industries Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Reliance Industries Limited is operating .

  • Measures how much profit Reliance Industries Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • An Operating Margin of 12.8% means the company generated ₹0.13  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Reliance Industries Limited:

  • The MRQ is 12.8%. The company is operating less efficient.
  • The TTM is 12.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ12.8%TTM12.8%0.0%
TTM12.8%YOY11.3%+1.5%
TTM12.8%5Y11.4%+1.4%
5Y11.4%10Y9.9%+1.5%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ12.8%4.0%+8.8%
TTM12.8%2.8%+10.0%
YOY11.3%4.9%+6.4%
5Y11.4%3.1%+8.3%
10Y9.9%3.0%+6.9%
1.2.2. Operating Ratio

Measures how efficient Reliance Industries Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • An Operation Ratio of 1.59 means that the operating costs are ₹1.59 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Reliance Industries Limited:

  • The MRQ is 1.592. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.592. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.592TTM1.5920.000
TTM1.592YOY1.590+0.003
TTM1.5925Y1.582+0.010
5Y1.58210Y1.483+0.099
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5921.514+0.078
TTM1.5921.236+0.356
YOY1.5901.033+0.557
5Y1.5821.281+0.301
10Y1.4831.194+0.289

1.3. Liquidity of Reliance Industries Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Reliance Industries Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • A Current Ratio of 1.11 means the company has ₹1.11 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Reliance Industries Limited:

  • The MRQ is 1.115. The company is just able to pay all its short-term debts.
  • The TTM is 1.115. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.115TTM1.1150.000
TTM1.115YOY1.124-0.010
TTM1.1155Y0.988+0.127
5Y0.98810Y0.855+0.133
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1151.387-0.272
TTM1.1151.458-0.343
YOY1.1241.370-0.246
5Y0.9881.451-0.463
10Y0.8551.457-0.602
1.3.2. Quick Ratio

Measures if Reliance Industries Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • A Quick Ratio of 0.87 means the company can pay off ₹0.87 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Reliance Industries Limited:

  • The MRQ is 0.875. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.875. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.875TTM0.8750.000
TTM0.875YOY1.039-0.164
TTM0.8755Y0.880-0.005
5Y0.88010Y0.725+0.154
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8750.645+0.230
TTM0.8750.698+0.177
YOY1.0390.747+0.292
5Y0.8800.761+0.119
10Y0.7250.757-0.032

1.4. Solvency of Reliance Industries Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Reliance Industries Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Reliance Industries Limited to Oil & Gas Refining & Marketing industry mean.
  • A Debt to Asset Ratio of 0.55 means that Reliance Industries Limited assets are financed with 55.5% credit (debt) and the remaining percentage (100% - 55.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Reliance Industries Limited:

  • The MRQ is 0.555. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.555. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.555TTM0.5550.000
TTM0.555YOY0.480+0.074
TTM0.5555Y0.546+0.009
5Y0.54610Y0.577-0.031
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5550.581-0.026
TTM0.5550.577-0.022
YOY0.4800.590-0.110
5Y0.5460.592-0.046
10Y0.5770.547+0.030
1.4.2. Debt to Equity Ratio

Measures if Reliance Industries Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • A Debt to Equity ratio of 124.5% means that company has ₹1.25 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Reliance Industries Limited:

  • The MRQ is 1.245. The company is able to pay all its debts with equity. +1
  • The TTM is 1.245. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.245TTM1.2450.000
TTM1.245YOY0.924+0.321
TTM1.2455Y1.244+0.002
5Y1.24410Y1.411-0.167
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2451.468-0.223
TTM1.2451.409-0.164
YOY0.9241.508-0.584
5Y1.2441.479-0.235
10Y1.4111.403+0.008

2. Market Valuation of Reliance Industries Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Reliance Industries Limited generates.

  • Above 15 is considered overpriced but always compare Reliance Industries Limited to the Oil & Gas Refining & Marketing industry mean.
  • A PE ratio of 21.56 means the investor is paying ₹21.56 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Reliance Industries Limited:

  • The EOD is 30.196. Based on the earnings, the company is overpriced. -1
  • The MRQ is 21.556. Based on the earnings, the company is fair priced.
  • The TTM is 21.556. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD30.196MRQ21.556+8.640
MRQ21.556TTM21.5560.000
TTM21.556YOY26.763-5.207
TTM21.5565Y22.429-0.873
5Y22.42910Y22.016+0.413
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD30.1968.625+21.571
MRQ21.5567.109+14.447
TTM21.5566.107+15.449
YOY26.7637.049+19.714
5Y22.4298.649+13.780
10Y22.01610.720+11.296
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Reliance Industries Limited:

  • The EOD is -77.598. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -55.394. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -55.394. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-77.598MRQ-55.394-22.204
MRQ-55.394TTM-55.3940.000
TTM-55.394YOY154.596-209.991
TTM-55.3945Y19.593-74.987
5Y19.59310Y-27.803+47.396
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD-77.5984.058-81.656
MRQ-55.3943.474-58.868
TTM-55.3942.992-58.386
YOY154.5962.916+151.680
5Y19.5931.463+18.130
10Y-27.8031.239-29.042
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Reliance Industries Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • A PB ratio of 2.01 means the investor is paying ₹2.01 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Reliance Industries Limited:

  • The EOD is 2.814. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.008. Based on the equity, the company is underpriced. +1
  • The TTM is 2.008. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.814MRQ2.008+0.805
MRQ2.008TTM2.0080.000
TTM2.008YOY2.084-0.076
TTM2.0085Y1.909+0.100
5Y1.90910Y2.159-0.250
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD2.8141.126+1.688
MRQ2.0081.023+0.985
TTM2.0081.044+0.964
YOY2.0841.217+0.867
5Y1.9091.354+0.555
10Y2.1591.655+0.504
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Reliance Industries Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---94.017-94.0170%117.221-180%124.848-175%132.253-171%
Book Value Per Share--1058.0261058.0260%1152.043-8%897.405+18%706.599+50%
Current Ratio--1.1151.1150%1.124-1%0.988+13%0.855+30%
Debt To Asset Ratio--0.5550.5550%0.480+15%0.546+2%0.577-4%
Debt To Equity Ratio--1.2451.2450%0.924+35%1.244+0%1.411-12%
Dividend Per Share--7.5127.5120%6.351+18%6.340+19%5.914+27%
Eps--98.58298.5820%89.719+10%75.517+31%64.882+52%
Free Cash Flow Per Share---38.362-38.3620%15.532-347%-35.894-6%-29.790-22%
Free Cash Flow To Equity Per Share---22.910-22.9100%41.084-156%18.203-226%4.650-593%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---617.150--------
Intrinsic Value_10Y_min---1210.017--------
Intrinsic Value_1Y_max---41.582--------
Intrinsic Value_1Y_min---66.281--------
Intrinsic Value_3Y_max---140.378--------
Intrinsic Value_3Y_min---247.939--------
Intrinsic Value_5Y_max---257.791--------
Intrinsic Value_5Y_min---481.679--------
Market Cap20141356867174.402+29%14378194618027.47114378194618027.4710%16246518599929.447-11%11649972997189.795+23%9784910500306.656+47%
Net Profit Margin--0.0750.0750%0.085-12%0.079-5%0.084-11%
Operating Margin--0.1280.1280%0.113+13%0.114+12%0.099+29%
Operating Ratio--1.5921.5920%1.590+0%1.582+1%1.483+7%
Pb Ratio2.814+29%2.0082.0080%2.084-4%1.909+5%2.159-7%
Pe Ratio30.196+29%21.55621.5560%26.763-19%22.429-4%22.016-2%
Price Per Share2976.800+29%2125.0312125.0310%2401.161-11%1721.812+23%1446.165+47%
Price To Free Cash Flow Ratio-77.598-40%-55.394-55.3940%154.596-136%19.593-383%-27.803-50%
Price To Total Gains Ratio-34.412-40%-24.566-24.5660%19.431-226%3.627-777%7.822-414%
Quick Ratio--0.8750.8750%1.039-16%0.880-1%0.725+21%
Return On Assets--0.0410.0410%0.040+3%0.038+8%0.041+1%
Return On Equity--0.0930.0930%0.078+20%0.086+8%0.099-6%
Total Gains Per Share---86.505-86.5050%123.572-170%131.187-166%138.168-163%
Usd Book Value--85904640000.00085904640000.0000%93538200000.000-8%72863328000.000+18%57371145000.000+50%
Usd Book Value Change Per Share---1.128-1.1280%1.407-180%1.498-175%1.587-171%
Usd Book Value Per Share--12.69612.6960%13.825-8%10.769+18%8.479+50%
Usd Dividend Per Share--0.0900.0900%0.076+18%0.076+19%0.071+27%
Usd Eps--1.1831.1830%1.077+10%0.906+31%0.779+52%
Usd Free Cash Flow---3114720000.000-3114720000.0000%1261080000.000-347%-2914368000.000-6%-2418735000.000-22%
Usd Free Cash Flow Per Share---0.460-0.4600%0.186-347%-0.431-6%-0.357-22%
Usd Free Cash Flow To Equity Per Share---0.275-0.2750%0.493-156%0.218-226%0.056-593%
Usd Market Cap241696282406.093+29%172538335416.330172538335416.3300%194958223199.153-11%139799675966.278+23%117418926003.680+47%
Usd Price Per Share35.722+29%25.50025.5000%28.814-11%20.662+23%17.354+47%
Usd Profit--8004240000.0008004240000.0000%7284600000.000+10%6131448000.000+31%5267970000.000+52%
Usd Revenue--106957320000.000106957320000.0000%86116200000.000+24%78960264000.000+35%64826310000.000+65%
Usd Total Gains Per Share---1.038-1.0380%1.483-170%1.574-166%1.658-163%
 EOD+4 -4MRQTTM+0 -0YOY+13 -225Y+18 -1710Y+21 -14

3.2. Fundamental Score

Let's check the fundamental score of Reliance Industries Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1530.196
Price to Book Ratio (EOD)Between0-12.814
Net Profit Margin (MRQ)Greater than00.075
Operating Margin (MRQ)Greater than00.128
Quick Ratio (MRQ)Greater than10.875
Current Ratio (MRQ)Greater than11.115
Debt to Asset Ratio (MRQ)Less than10.555
Debt to Equity Ratio (MRQ)Less than11.245
Return on Equity (MRQ)Greater than0.150.093
Return on Assets (MRQ)Greater than0.050.041
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Reliance Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.120
Ma 20Greater thanMa 502,925.910
Ma 50Greater thanMa 1002,887.314
Ma 100Greater thanMa 2002,685.643
OpenGreater thanClose2,994.350
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets16,074,310,000
Total Liabilities8,915,590,000
Total Stockholder Equity7,158,720,000
 As reported
Total Liabilities 8,915,590,000
Total Stockholder Equity+ 7,158,720,000
Total Assets = 16,074,310,000

Assets

Total Assets16,074,310,000
Total Current Assets4,419,780,000
Long-term Assets12,715,280,000
Total Current Assets
Cash And Cash Equivalents 39,720,000
Short-term Investments 1,572,610,000
Net Receivables 284,510,000
Inventory 1,400,080,000
Other Current Assets 698,750,000
Total Current Assets  (as reported)4,419,780,000
Total Current Assets  (calculated)3,995,670,000
+/- 424,110,000
Long-term Assets
Property Plant Equipment 6,878,020,000
Goodwill 152,700,000
Intangible Assets 3,155,250,000
Other Assets 2,442,770,000
Long-term Assets  (as reported)12,715,280,000
Long-term Assets  (calculated)12,628,740,000
+/- 86,540,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,965,340,000
Long-term Liabilities3,828,100,000
Total Stockholder Equity7,158,720,000
Total Current Liabilities
Short-term Debt 822,580,000
Short Long Term Debt 1,315,320,000
Accounts payable 1,471,780,000
Other Current Liabilities 1,136,280,000
Total Current Liabilities  (as reported)3,965,340,000
Total Current Liabilities  (calculated)4,745,960,000
+/- 780,620,000
Long-term Liabilities
Long term Debt Total 1,994,060,000
Other Liabilities 1,834,040,000
Long-term Liabilities  (as reported)3,828,100,000
Long-term Liabilities  (calculated)3,828,100,000
+/-0
Total Stockholder Equity
Common Stock67,660,000
Retained Earnings 5,623,220,000
Capital Surplus 997,920,000
Total Stockholder Equity (as reported)7,158,720,000
Total Stockholder Equity (calculated)6,688,800,000
+/- 469,920,000
Other
Capital Stock67,660,000
Cash and Short Term Investments 1,612,330,000
Common Stock Shares Outstanding 6,766,094
Liabilities and Stockholders Equity 16,074,310,000
Net Debt 2,400,000,000
Net Invested Capital 11,358,610,000
Net Tangible Assets 6,896,180,000
Net Working Capital 454,440,000
Property Plant and Equipment Gross 6,878,020,000



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
> Total Assets 
5,989,970,000
7,123,390,000
8,163,480,000
10,024,060,000
11,659,150,000
13,212,120,000
14,996,650,000
16,074,310,000
16,074,310,00014,996,650,00013,212,120,00011,659,150,00010,024,060,0008,163,480,0007,123,390,0005,989,970,000
   > Total Current Assets 
1,277,850,000
1,468,130,000
1,837,860,000
2,320,530,000
2,582,600,000
3,730,110,000
3,470,190,000
4,419,780,000
4,419,780,0003,470,190,0003,730,110,0002,582,600,0002,320,530,0001,837,860,0001,468,130,0001,277,850,000
       Cash And Cash Equivalents 
0
10,170,000
26,200,000
38,300,000
258,030,000
88,900,000
88,200,000
39,720,000
39,720,00088,200,00088,900,000258,030,00038,300,00026,200,00010,170,0000
       Short-term Investments 
0
587,650,000
640,090,000
786,720,000
919,210,000
1,658,520,000
1,440,800,000
1,572,610,000
1,572,610,0001,440,800,0001,658,520,000919,210,000786,720,000640,090,000587,650,0000
       Net Receivables 
54,010,000
95,330,000
200,400,000
306,340,000
196,560,000
190,140,000
236,400,000
284,510,000
284,510,000236,400,000190,140,000196,560,000306,340,000200,400,00095,330,00054,010,000
       Inventory 
464,860,000
489,510,000
608,370,000
675,610,000
739,030,000
816,720,000
1,077,780,000
1,400,080,000
1,400,080,0001,077,780,000816,720,000739,030,000675,610,000608,370,000489,510,000464,860,000
       Other Current Assets 
51,760,000
204,660,000
333,630,000
548,720,000
444,700,000
491,000,000
585,690,000
698,750,000
698,750,000585,690,000491,000,000444,700,000548,720,000333,630,000204,660,00051,760,000
   > Long-term Assets 
0
5,599,890,000
6,325,620,000
7,716,510,000
9,076,550,000
9,482,010,000
11,526,460,000
12,715,280,000
12,715,280,00011,526,460,0009,482,010,0009,076,550,0007,716,510,0006,325,620,0005,599,890,0000
       Property Plant Equipment 
3,282,220,000
4,208,600,000
4,822,510,000
4,522,930,000
4,950,160,000
5,222,370,000
5,685,060,000
6,878,020,000
6,878,020,0005,685,060,0005,222,370,0004,950,160,0004,522,930,0004,822,510,0004,208,600,0003,282,220,000
       Goodwill 
42,540,000
48,920,000
58,130,000
119,970,000
102,590,000
102,120,000
130,090,000
152,700,000
152,700,000130,090,000102,120,000102,590,000119,970,00058,130,00048,920,00042,540,000
       Intangible Assets 
811,310,000
976,110,000
1,028,430,000
1,135,470,000
1,364,890,000
1,347,620,000
2,187,890,000
3,155,250,000
3,155,250,0002,187,890,0001,347,620,0001,364,890,0001,135,470,0001,028,430,000976,110,000811,310,000
       Long-term Assets Other 
0
3,760,000
14,140,000
84,770,000
225,420,000
649,770,000
433,700,000
409,780,000
409,780,000433,700,000649,770,000225,420,00084,770,00014,140,0003,760,0000
> Total Liabilities 
3,674,410,000
4,486,300,000
5,228,420,000
6,152,940,000
7,125,840,000
6,210,400,000
7,201,800,000
8,915,590,000
8,915,590,0007,201,800,0006,210,400,0007,125,840,0006,152,940,0005,228,420,0004,486,300,0003,674,410,000
   > Total Current Liabilities 
1,851,540,000
2,353,150,000
3,138,520,000
3,173,220,000
4,129,160,000
2,775,680,000
3,086,620,000
3,965,340,000
3,965,340,0003,086,620,0002,775,680,0004,129,160,0003,173,220,0003,138,520,0002,353,150,0001,851,540,000
       Short-term Debt 
235,460,000
315,290,000
374,290,000
644,360,000
937,860,000
600,810,000
515,860,000
822,580,000
822,580,000515,860,000600,810,000937,860,000644,360,000374,290,000315,290,000235,460,000
       Short Long Term Debt 
0
444,510,000
745,880,000
799,990,000
1,386,630,000
600,810,000
786,060,000
1,315,320,000
1,315,320,000786,060,000600,810,0001,386,630,000799,990,000745,880,000444,510,0000
       Accounts payable 
0
765,950,000
1,068,610,000
1,083,090,000
967,990,000
1,088,970,000
1,593,300,000
1,471,780,000
1,471,780,0001,593,300,0001,088,970,000967,990,0001,083,090,0001,068,610,000765,950,0000
       Other Current Liabilities 
0
1,114,190,000
1,292,350,000
1,248,750,000
1,720,440,000
750,480,000
639,230,000
1,136,280,000
1,136,280,000639,230,000750,480,0001,720,440,0001,248,750,0001,292,350,0001,114,190,0000
   > Long-term Liabilities 
0
2,048,590,000
2,054,510,000
2,896,920,000
2,916,510,000
2,442,120,000
3,020,190,000
3,828,100,000
3,828,100,0003,020,190,0002,442,120,0002,916,510,0002,896,920,0002,054,510,0002,048,590,0000
       Long term Debt Total 
1,416,470,000
1,521,480,000
1,441,750,000
2,075,060,000
2,051,470,000
1,706,310,000
2,007,060,000
1,994,060,000
1,994,060,0002,007,060,0001,706,310,0002,051,470,0002,075,060,0001,441,750,0001,521,480,0001,416,470,000
       Other Liabilities 
0
582,500,000
612,760,000
821,860,000
865,050,000
735,810,000
1,013,130,000
1,834,040,000
1,834,040,0001,013,130,000735,810,000865,050,000821,860,000612,760,000582,500,0000
> Total Stockholder Equity
2,315,560,000
2,637,090,000
2,935,060,000
3,871,120,000
4,533,310,000
7,001,720,000
7,794,850,000
7,158,720,000
7,158,720,0007,794,850,0007,001,720,0004,533,310,0003,871,120,0002,935,060,0002,637,090,0002,315,560,000
   Common Stock
29,480,000
29,590,000
59,220,000
59,260,000
63,390,000
64,450,000
67,650,000
67,660,000
67,660,00067,650,00064,450,00063,390,00059,260,00059,220,00029,590,00029,480,000
   Retained Earnings 
1,814,110,000
2,095,250,000
2,373,250,000
2,678,300,000
2,940,490,000
4,601,490,000
5,180,860,000
5,623,220,000
5,623,220,0005,180,860,0004,601,490,0002,940,490,0002,678,300,0002,373,250,0002,095,250,0001,814,110,000
   Capital Surplus 
429,910,000
436,280,000
409,840,000
411,640,000
613,950,000
1,143,510,000
1,147,960,000
997,920,000
997,920,0001,147,960,0001,143,510,000613,950,000411,640,000409,840,000436,280,000429,910,000
   Treasury Stock00000000
   Other Stockholders Equity 
33,710,000
76,010,000
92,900,000
721,920,000
873,830,000
1,590,700,000
1,398,380,000
8,143,870,000
8,143,870,0001,398,380,0001,590,700,000873,830,000721,920,00092,900,00076,010,00033,710,000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue8,913,110,000
Cost of Revenue-6,422,740,000
Gross Profit2,490,370,0002,490,370,000
 
Operating Income (+$)
Gross Profit2,490,370,000
Operating Expense-7,768,790,000
Operating Income1,024,780,000-5,278,420,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,051,690,000
Selling And Marketing Expenses0
Operating Expense7,768,790,0001,051,690,000
 
Net Interest Income (+$)
Interest Income99,100,000
Interest Expense-195,710,000
Other Finance Cost-99,100,000
Net Interest Income-195,710,000
 
Pretax Income (+$)
Operating Income1,024,780,000
Net Interest Income-195,710,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)940,460,0001,024,780,000
EBIT - interestExpense = 948,440,000
874,150,000
862,730,000
Interest Expense195,710,000
Earnings Before Interest and Taxes (EBIT)1,144,150,0001,136,170,000
Earnings Before Interest and Taxes (EBITDA)1,546,910,000
 
After tax Income (+$)
Income Before Tax940,460,000
Tax Provision-203,760,000
Net Income From Continuing Ops740,880,000736,700,000
Net Income667,020,000
Net Income Applicable To Common Shares667,020,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items4,180,000
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,223,860,000
Total Other Income/Expenses Net0195,710,000
 

Technical Analysis of Reliance Industries Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Reliance Industries Limited. The general trend of Reliance Industries Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Reliance Industries Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Reliance Industries Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 3,025.

The bearish price targets are: 2,827 > 2,793 > 2,645.

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Reliance Industries Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Reliance Industries Limited. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Reliance Industries Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Reliance Industries Limited. The current macd is 10.22.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Reliance Industries Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Reliance Industries Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Reliance Industries Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Reliance Industries Limited Daily Moving Average Convergence/Divergence (MACD) ChartReliance Industries Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Reliance Industries Limited. The current adx is 24.20.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Reliance Industries Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Reliance Industries Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Reliance Industries Limited. The current sar is 2,830.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Reliance Industries Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Reliance Industries Limited. The current rsi is 58.12. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Reliance Industries Limited Daily Relative Strength Index (RSI) ChartReliance Industries Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Reliance Industries Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Reliance Industries Limited price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Reliance Industries Limited Daily Stochastic Oscillator ChartReliance Industries Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Reliance Industries Limited. The current cci is 83.82.

Reliance Industries Limited Daily Commodity Channel Index (CCI) ChartReliance Industries Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Reliance Industries Limited. The current cmo is 21.69.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Reliance Industries Limited Daily Chande Momentum Oscillator (CMO) ChartReliance Industries Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Reliance Industries Limited. The current willr is -18.68727963.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Reliance Industries Limited Daily Williams %R ChartReliance Industries Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Reliance Industries Limited.

Reliance Industries Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Reliance Industries Limited. The current atr is 53.01.

Reliance Industries Limited Daily Average True Range (ATR) ChartReliance Industries Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Reliance Industries Limited. The current obv is 10,539,759.

Reliance Industries Limited Daily On-Balance Volume (OBV) ChartReliance Industries Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Reliance Industries Limited. The current mfi is 38.19.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Reliance Industries Limited Daily Money Flow Index (MFI) ChartReliance Industries Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Reliance Industries Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-28MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.

6.3. Candlestick Patterns

Reliance Industries Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Reliance Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.120
Ma 20Greater thanMa 502,925.910
Ma 50Greater thanMa 1002,887.314
Ma 100Greater thanMa 2002,685.643
OpenGreater thanClose2,994.350
Total5/5 (100.0%)
Penke

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