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Reliance Industries Limited
Buy, Hold or Sell?

Let's analyze Reliance Industries Limited together

I 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.

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1. Quick Overview

1.1. Quick analysis of Reliance Industries Limited (30 sec.)










1.2. 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?
$0.42
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$16.15
Expected worth in 1 year
$15.56
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
$-0.16
Return On Investment
-0.3%

For what price can you sell your share?

Current Price per Share
$61.00
Expected price per share
$56.40 - $66.90
How sure are you?
50%
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2. Detailed Analysis

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




Live pricePrice per Share (EOD)
$61.00
Intrinsic Value Per Share
$5.58 - $21.84
Total Value Per Share
$21.73 - $37.99

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




Is Reliance Industries Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$109.2b$110.2b-$988.1m-0.9%

How much money is Reliance Industries Limited making?

Current yearPrevious yearGrowGrow %
Making money$8.2b$7.8b$344.4m4.2%
Net Profit Margin7.7%7.6%--

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

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




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




  Industry Rankings (Oil & Gas Refining & Marketing)  

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3. Summary and Key Metrics

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

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.

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 $61.00. 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 $16.15. Based on the TTM, the Book Value Change Per Share is $-0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $0.79 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 $0.11 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
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps1.212.0%1.212.0%1.161.9%1.001.6%0.921.5%
Usd Book Value Change Per Share-0.15-0.2%-0.15-0.2%0.791.3%1.772.9%2.313.8%
Usd Dividend Per Share0.110.2%0.110.2%0.090.1%0.080.1%0.080.1%
Usd Total Gains Per Share-0.04-0.1%-0.04-0.1%0.881.4%1.863.0%2.383.9%
Usd Price Per Share71.40-71.40-56.35-56.57-50.01-
Price to Earnings Ratio58.81-58.81-48.44-55.87-53.57-
Price-to-Total Gains Ratio-1,790.09--1,790.09-64.30--329.94--231.92-
Price to Book Ratio4.42-4.42-3.46-3.98-4.34-
Price-to-Total Gains Ratio-1,790.09--1,790.09-64.30--329.94--231.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share61
Number of shares16
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.110.08
Usd Book Value Change Per Share-0.151.77
Usd Total Gains Per Share-0.041.86
Gains per Quarter (16 shares)-0.6429.69
Gains per Year (16 shares)-2.55118.75
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17-9-135113109
214-19-1611227228
320-28-1916340347
427-37-2222453466
534-47-2527567585
641-56-2832680704
748-65-3138793823
854-75-3443907942
961-84-374910201061
1068-93-405411331180

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%7.00.00.0100.0%7.00.00.0100.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
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3.2. 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---0.146-0.1460%0.788-119%1.771-108%2.307-106%
Book Value Per Share--16.14616.1460%16.292-1%14.080+15%11.882+36%
Current Ratio--1.1831.1830%1.115+6%1.078+10%0.958+23%
Debt To Asset Ratio--0.4730.4730%0.455+4%0.467+1%0.511-7%
Debt To Equity Ratio--1.0461.0460%0.949+10%1.016+3%1.202-13%
Dividend Per Share--0.1060.1060%0.089+20%0.085+26%0.078+36%
Eps--1.2141.2140%1.163+4%1.004+21%0.916+32%
Free Cash Flow Per Share--0.1030.1030%-0.453+540%-0.232+325%-0.298+390%
Free Cash Flow To Equity Per Share--0.1030.1030%-0.270+363%0.211-51%0.160-36%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--21.841--------
Intrinsic Value_10Y_min--5.584--------
Intrinsic Value_1Y_max--0.429--------
Intrinsic Value_1Y_min---0.033--------
Intrinsic Value_3Y_max--2.631--------
Intrinsic Value_3Y_min--0.414--------
Intrinsic Value_5Y_max--6.448--------
Intrinsic Value_5Y_min--1.419--------
Market Cap--483100183599.600483100183599.6000%381269397688.900+27%380453156477.900+27%333164726544.357+45%
Net Profit Margin--0.0770.0770%0.076+2%0.082-6%0.082-6%
Operating Margin----0%0.130-100%0.095-100%0.101-100%
Operating Ratio--1.6251.6250%1.599+2%1.6250%1.637-1%
Pb Ratio3.778-17%4.4224.4220%3.459+28%3.983+11%4.337+2%
Pe Ratio50.240-17%58.80558.8050%48.441+21%55.874+5%53.572+10%
Price Per Share61.000-17%71.40071.4000%56.350+27%56.570+26%50.007+43%
Price To Free Cash Flow Ratio592.334-17%693.322693.3220%-124.484+118%196.603+253%49.821+1292%
Price To Total Gains Ratio-1529.351+15%-1790.093-1790.0930%64.303-2884%-329.940-82%-231.919-87%
Quick Ratio--0.4130.4130%0.447-8%0.477-13%0.428-3%
Return On Assets--0.0400.0400%0.039+2%0.038+4%0.039+1%
Return On Equity--0.0880.0880%0.081+8%0.081+9%0.090-2%
Total Gains Per Share---0.040-0.0400%0.876-105%1.855-102%2.385-102%
Usd Book Value--109242984000.000109242984000.0000%110231116000.000-1%94629250400.000+15%79264831142.857+38%
Usd Book Value Change Per Share---0.146-0.1460%0.788-119%1.771-108%2.307-106%
Usd Book Value Per Share--16.14616.1460%16.292-1%14.080+15%11.882+36%
Usd Dividend Per Share--0.1060.1060%0.089+20%0.085+26%0.078+36%
Usd Eps--1.2141.2140%1.163+4%1.004+21%0.916+32%
Usd Free Cash Flow--696790000.000696790000.0000%-3062808000.000+540%-1596233200.000+329%-1989496857.143+386%
Usd Free Cash Flow Per Share--0.1030.1030%-0.453+540%-0.232+325%-0.298+390%
Usd Free Cash Flow To Equity Per Share--0.1030.1030%-0.270+363%0.211-51%0.160-36%
Usd Market Cap--483100183599.600483100183599.6000%381269397688.900+27%380453156477.900+27%333164726544.357+45%
Usd Price Per Share61.000-17%71.40071.4000%56.350+27%56.570+26%50.007+43%
Usd Profit--8215278000.0008215278000.0000%7870836000.000+4%6738036000.000+22%6088344857.143+35%
Usd Revenue--106325552000.000106325552000.0000%103777224000.000+2%83642199600.000+27%75907259142.857+40%
Usd Total Gains Per Share---0.040-0.0400%0.876-105%1.855-102%2.385-102%
 EOD+5 -1MRQTTM+0 -0YOY+18 -175Y+19 -1610Y+20 -15

3.3 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)Between0-1550.240
Price to Book Ratio (EOD)Between0-13.778
Net Profit Margin (MRQ)Greater than00.077
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.413
Current Ratio (MRQ)Greater than11.183
Debt to Asset Ratio (MRQ)Less than10.473
Debt to Equity Ratio (MRQ)Less than11.046
Return on Equity (MRQ)Greater than0.150.088
Return on Assets (MRQ)Greater than0.050.040
Total3/10 (30.0%)

3.4 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 than5049.453
Ma 20Greater thanMa 5060.010
Ma 50Greater thanMa 10063.366
Ma 100Greater thanMa 20067.325
OpenGreater thanClose60.700
Total0/5 (0.0%)

4. In-depth Analysis

4.1 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. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. 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 television, gaming, broadband, and telecommunication 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. The company was founded in 1957 and is based in Mumbai, India.

Fundamental data was last updated by Penke on 2024-11-25 20:32:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

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 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 very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

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

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. 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 7.7% means that $0.08 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 7.7%. The company is making a profit. +1
  • The TTM is 7.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.7%TTM7.7%0.0%
TTM7.7%YOY7.6%+0.1%
TTM7.7%5Y8.2%-0.5%
5Y8.2%10Y8.2%+0.0%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%1.1%+6.6%
TTM7.7%2.0%+5.7%
YOY7.6%2.1%+5.5%
5Y8.2%1.9%+6.3%
10Y8.2%2.3%+5.9%
4.3.1.2. 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.
  • 4.0% 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 4.0%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.0%TTM4.0%0.0%
TTM4.0%YOY3.9%+0.1%
TTM4.0%5Y3.8%+0.2%
5Y3.8%10Y3.9%-0.1%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%0.6%+3.4%
TTM4.0%0.9%+3.1%
YOY3.9%1.5%+2.4%
5Y3.8%1.2%+2.6%
10Y3.9%1.2%+2.7%
4.3.1.3. 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.
  • 8.8% 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 8.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.8%TTM8.8%0.0%
TTM8.8%YOY8.1%+0.7%
TTM8.8%5Y8.1%+0.7%
5Y8.1%10Y9.0%-0.9%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%1.5%+7.3%
TTM8.8%2.8%+6.0%
YOY8.1%4.0%+4.1%
5Y8.1%3.1%+5.0%
10Y9.0%3.3%+5.7%
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4.3.2. Operating Efficiency of Reliance Industries Limited.

4.3.2. Operating Efficiency
4.3.2.1. 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 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY13.0%-13.0%
TTM-5Y9.5%-9.5%
5Y9.5%10Y10.1%-0.7%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.6%-2.6%
TTM-3.3%-3.3%
YOY13.0%3.1%+9.9%
5Y9.5%2.9%+6.6%
10Y10.1%3.1%+7.0%
4.3.2.2. 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 1.62 means that the operating costs are $1.62 for each $1 in net sales.

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

  • The MRQ is 1.625. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.625. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.625TTM1.6250.000
TTM1.625YOY1.599+0.026
TTM1.6255Y1.625-0.001
5Y1.62510Y1.637-0.012
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6251.042+0.583
TTM1.6251.015+0.610
YOY1.5990.996+0.603
5Y1.6251.013+0.612
10Y1.6371.005+0.632
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4.4.3. Liquidity of Reliance Industries Limited.

4.4.3. Liquidity
4.4.3.1. 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 1.18 means the company has $1.18 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 1.183. The company is just able to pay all its short-term debts.
  • The TTM is 1.183. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.183TTM1.1830.000
TTM1.183YOY1.115+0.068
TTM1.1835Y1.078+0.105
5Y1.07810Y0.958+0.120
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1831.391-0.208
TTM1.1831.392-0.209
YOY1.1151.442-0.327
5Y1.0781.470-0.392
10Y0.9581.542-0.584
4.4.3.2. 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 0.41 means the company can pay off $0.41 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 0.413. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.413. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.413TTM0.4130.000
TTM0.413YOY0.447-0.034
TTM0.4135Y0.477-0.064
5Y0.47710Y0.428+0.049
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4130.597-0.184
TTM0.4130.673-0.260
YOY0.4470.763-0.316
5Y0.4770.744-0.267
10Y0.4280.857-0.429
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4.5.4. Solvency of Reliance Industries Limited.

4.5.4. Solvency
4.5.4.1. 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 0.47 means that Reliance Industries Limited assets are financed with 47.3% credit (debt) and the remaining percentage (100% - 47.3%) 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 0.473. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.473. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.473TTM0.4730.000
TTM0.473YOY0.455+0.018
TTM0.4735Y0.467+0.006
5Y0.46710Y0.511-0.044
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4730.589-0.116
TTM0.4730.589-0.116
YOY0.4550.580-0.125
5Y0.4670.596-0.129
10Y0.5110.556-0.045
4.5.4.2. 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 104.6% means that company has $1.05 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 1.046. The company is able to pay all its debts with equity. +1
  • The TTM is 1.046. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.046TTM1.0460.000
TTM1.046YOY0.949+0.097
TTM1.0465Y1.016+0.031
5Y1.01610Y1.202-0.187
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0461.469-0.423
TTM1.0461.434-0.388
YOY0.9491.395-0.446
5Y1.0161.544-0.528
10Y1.2021.430-0.228
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. 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 58.81 means the investor is paying $58.81 for every $1 in earnings.

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

  • The EOD is 50.240. Based on the earnings, the company is expensive. -2
  • The MRQ is 58.805. Based on the earnings, the company is expensive. -2
  • The TTM is 58.805. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD50.240MRQ58.805-8.565
MRQ58.805TTM58.8050.000
TTM58.805YOY48.441+10.364
TTM58.8055Y55.874+2.931
5Y55.87410Y53.572+2.301
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD50.2404.718+45.522
MRQ58.8056.048+52.757
TTM58.8056.361+52.444
YOY48.4416.352+42.089
5Y55.8748.008+47.866
10Y53.57211.457+42.115
4.6.2.2. 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 592.334. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 693.322. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 693.322. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD592.334MRQ693.322-100.988
MRQ693.322TTM693.3220.000
TTM693.322YOY-124.484+817.806
TTM693.3225Y196.603+496.720
5Y196.60310Y49.821+146.781
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD592.3343.663+588.671
MRQ693.3224.252+689.070
TTM693.3221.998+691.324
YOY-124.4843.135-127.619
5Y196.6030.454+196.149
10Y49.8210.486+49.335
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4.6.2. Book Value per Share
4.6.2.1. 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 4.42 means the investor is paying $4.42 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 3.778. Based on the equity, the company is fair priced.
  • The MRQ is 4.422. Based on the equity, the company is fair priced.
  • The TTM is 4.422. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.778MRQ4.422-0.644
MRQ4.422TTM4.4220.000
TTM4.422YOY3.459+0.963
TTM4.4225Y3.983+0.439
5Y3.98310Y4.337-0.354
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD3.7781.040+2.738
MRQ4.4221.118+3.304
TTM4.4221.196+3.226
YOY3.4591.074+2.385
5Y3.9831.350+2.633
10Y4.3371.565+2.772
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets17,559,860,000
Total Liabilities8,301,980,000
Total Stockholder Equity7,934,810,000
 As reported
Total Liabilities 8,301,980,000
Total Stockholder Equity+ 7,934,810,000
Total Assets = 17,559,860,000

Assets

Total Assets17,559,860,000
Total Current Assets4,701,000,000
Long-term Assets12,858,860,000
Total Current Assets
Cash And Cash Equivalents 972,250,000
Short-term Investments 1,301,350,000
Net Receivables 341,450,000
Inventory 1,527,700,000
Other Current Assets 674,420,000
Total Current Assets  (as reported)4,701,000,000
Total Current Assets  (calculated)4,817,170,000
+/- 116,170,000
Long-term Assets
Property Plant Equipment 7,584,660,000
Goodwill 149,890,000
Intangible Assets 3,453,850,000
Other Assets 475,440,000
Long-term Assets  (as reported)12,858,860,000
Long-term Assets  (calculated)11,663,840,000
+/- 1,195,020,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,973,670,000
Long-term Liabilities4,328,310,000
Total Stockholder Equity7,934,810,000
Total Current Liabilities
Short Long Term Debt 1,019,100,000
Accounts payable 1,783,770,000
Other Current Liabilities 1,094,820,000
Total Current Liabilities  (as reported)3,973,670,000
Total Current Liabilities  (calculated)3,897,690,000
+/- 75,980,000
Long-term Liabilities
Long term Debt 2,227,120,000
Capital Lease Obligations Min Short Term Debt215,200,000
Other Liabilities 1,927,040,000
Long-term Liabilities Other 1,127,520,000
Long-term Liabilities  (as reported)4,328,310,000
Long-term Liabilities  (calculated)5,496,880,000
+/- 1,168,570,000
Total Stockholder Equity
Common Stock67,660,000
Retained Earnings 6,329,360,000
Other Stockholders Equity 539,770,000
Total Stockholder Equity (as reported)7,934,810,000
Total Stockholder Equity (calculated)6,936,790,000
+/- 998,020,000
Other
Capital Stock67,660,000
Common Stock Shares Outstanding 6,766,109
Net Debt 2,273,970,000
Net Invested Capital 11,181,030,000
Net Tangible Assets 4,331,070,000
Net Working Capital 727,330,000
Property Plant and Equipment Gross 7,584,660,000



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-31
> Total Assets 
8,163,480,000
10,024,060,000
11,659,150,000
13,212,120,000
14,996,650,000
17,135,060,000
17,559,860,000
17,559,860,00017,135,060,00014,996,650,00013,212,120,00011,659,150,00010,024,060,0008,163,480,000
   > Total Current Assets 
1,837,860,000
2,320,530,000
2,582,600,000
3,730,110,000
3,470,190,000
4,419,780,000
4,701,000,000
4,701,000,0004,419,780,0003,470,190,0003,730,110,0002,582,600,0002,320,530,0001,837,860,000
       Cash And Cash Equivalents 
26,200,000
38,300,000
258,030,000
145,060,000
335,090,000
747,080,000
972,250,000
972,250,000747,080,000335,090,000145,060,000258,030,00038,300,00026,200,000
       Short-term Investments 
640,090,000
786,720,000
919,210,000
1,602,360,000
1,193,910,000
1,487,090,000
1,301,350,000
1,301,350,0001,487,090,0001,193,910,0001,602,360,000919,210,000786,720,000640,090,000
       Net Receivables 
200,400,000
306,340,000
203,250,000
589,220,000
237,700,000
286,680,000
341,450,000
341,450,000286,680,000237,700,000589,220,000203,250,000306,340,000200,400,000
       Inventory 
608,370,000
675,610,000
739,030,000
816,720,000
1,077,780,000
1,400,080,000
1,527,700,000
1,527,700,0001,400,080,0001,077,780,000816,720,000739,030,000675,610,000608,370,000
       Other Current Assets 
333,630,000
548,720,000
444,700,000
491,000,000
585,690,000
698,750,000
674,420,000
674,420,000698,750,000585,690,000491,000,000444,700,000548,720,000333,630,000
   > Long-term Assets 
6,325,620,000
7,716,510,000
9,076,550,000
9,482,010,000
11,526,460,000
12,715,280,000
12,858,860,000
12,858,860,00012,715,280,00011,526,460,0009,482,010,0009,076,550,0007,716,510,0006,325,620,000
       Property Plant Equipment 
4,822,510,000
4,522,930,000
4,950,160,000
5,222,370,000
5,685,060,000
6,878,020,000
7,584,660,000
7,584,660,0006,878,020,0005,685,060,0005,222,370,0004,950,160,0004,522,930,0004,822,510,000
       Goodwill 
58,130,000
119,970,000
102,590,000
102,120,000
130,090,000
136,620,000
149,890,000
149,890,000136,620,000130,090,000102,120,000102,590,000119,970,00058,130,000
       Intangible Assets 
1,028,430,000
1,135,470,000
1,364,890,000
1,347,620,000
2,187,890,000
3,155,810,000
3,453,850,000
3,453,850,0003,155,810,0002,187,890,0001,347,620,0001,364,890,0001,135,470,0001,028,430,000
       Other Assets 
163,960,000
279,040,000
620,390,000
686,080,000
661,960,000
2,442,770,000
475,440,000
475,440,0002,442,770,000661,960,000686,080,000620,390,000279,040,000163,960,000
> Total Liabilities 
5,193,030,000
6,070,140,000
7,045,670,000
5,217,800,000
6,106,810,000
7,793,440,000
8,301,980,000
8,301,980,0007,793,440,0006,106,810,0005,217,800,0007,045,670,0006,070,140,0005,193,030,000
   > Total Current Liabilities 
3,138,520,000
3,173,220,000
4,129,160,000
2,775,680,000
3,086,620,000
3,965,340,000
3,973,670,000
3,973,670,0003,965,340,0003,086,620,0002,775,680,0004,129,160,0003,173,220,0003,138,520,000
       Short Long Term Debt 
745,880,000
799,990,000
1,386,630,000
881,280,000
786,060,000
1,315,320,000
1,019,100,000
1,019,100,0001,315,320,000786,060,000881,280,0001,386,630,000799,990,000745,880,000
       Accounts payable 
1,068,610,000
1,083,090,000
967,990,000
1,088,970,000
1,593,300,000
1,471,780,000
1,783,770,000
1,783,770,0001,471,780,0001,593,300,0001,088,970,000967,990,0001,083,090,0001,068,610,000
       Other Current Liabilities 
1,292,350,000
1,248,750,000
1,720,440,000
750,480,000
639,230,000
1,136,280,000
1,094,820,000
1,094,820,0001,136,280,000639,230,000750,480,0001,720,440,0001,248,750,0001,292,350,000
   > Long-term Liabilities 
2,054,510,000
2,896,920,000
2,916,510,000
2,442,120,000
3,020,190,000
3,828,100,000
4,328,310,000
4,328,310,0003,828,100,0003,020,190,0002,442,120,0002,916,510,0002,896,920,0002,054,510,000
       Long term Debt 
1,441,750,000
2,075,060,000
1,976,310,000
1,636,830,000
1,876,990,000
1,831,760,000
2,227,120,000
2,227,120,0001,831,760,0001,876,990,0001,636,830,0001,976,310,0002,075,060,0001,441,750,000
       Capital Lease Obligations Min Short Term Debt
0
0
86,970,000
83,140,000
156,690,000
204,260,000
215,200,000
215,200,000204,260,000156,690,00083,140,00086,970,00000
       Other Liabilities 
612,760,000
821,860,000
865,050,000
735,810,000
1,013,130,000
1,834,040,000
1,927,040,000
1,927,040,0001,834,040,0001,013,130,000735,810,000865,050,000821,860,000612,760,000
       Long-term Liabilities Other 
202,100,000
193,870,000
193,030,000
193,390,000
377,920,000
1,137,660,000
1,127,520,000
1,127,520,0001,137,660,000377,920,000193,390,000193,030,000193,870,000202,100,000
> Total Stockholder Equity
2,935,060,000
3,871,120,000
4,533,320,000
7,001,720,000
7,794,850,000
8,211,530,000
7,934,810,000
7,934,810,0008,211,530,0007,794,850,0007,001,720,0004,533,320,0003,871,120,0002,935,060,000
   Common Stock
59,220,000
59,260,000
63,390,000
64,450,000
67,650,000
67,660,000
67,660,000
67,660,00067,660,00067,650,00064,450,00063,390,00059,260,00059,220,000
   Retained Earnings 
2,373,250,000
2,678,300,000
2,940,490,000
4,601,490,000
5,180,860,000
2,957,390,000
6,329,360,000
6,329,360,0002,957,390,0005,180,860,0004,601,490,0002,940,490,0002,678,300,0002,373,250,000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
92,900,000
721,920,000
873,830,000
1,590,700,000
1,398,380,000
8,143,870,000
539,770,000
539,770,0008,143,870,0001,398,380,0001,590,700,000873,830,000721,920,00092,900,000



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue9,010,640,000
Cost of Revenue-6,745,990,000
Gross Profit2,264,650,0002,264,650,000
 
Operating Income (+$)
Gross Profit2,264,650,000
Operating Expense-7,893,980,000
Operating Income1,116,660,000-5,629,330,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative371,420,000
Selling And Marketing Expenses-
Operating Expense7,893,980,000371,420,000
 
Net Interest Income (+$)
Interest Income107,450,000
Interest Expense-217,720,000
Other Finance Cost-1,630,000
Net Interest Income-111,900,000
 
Pretax Income (+$)
Operating Income1,116,660,000
Net Interest Income-111,900,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)1,047,270,0001,116,660,000
EBIT - interestExpense = -217,720,000
696,210,000
913,930,000
Interest Expense217,720,000
Earnings Before Interest and Taxes (EBIT)-1,264,990,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax1,047,270,000
Tax Provision-257,070,000
Net Income From Continuing Ops790,200,000790,200,000
Net Income696,210,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-111,900,000
 

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 BEARISH with 85.7% 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 (-85.7%) Bearish trend (85.7%)
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 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 62.10 < 62.40 < 66.90.

The bearish price targets are: 56.90 > 56.70 > 56.40.

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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 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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 -0.8017629.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 below the zero line (centerline), it indicates a bearish signal for Reliance Industries Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Reliance Industries Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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 51.11.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
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 83.80.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Reliance Industries Limited Daily Parabolic SAR Chart
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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 49.45. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +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 Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • 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 up: The STOCH %K is trending up. +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 -54.97386593.

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 14.63.

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 -76.33333333.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Reliance Industries Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Reliance Industries Limited Daily Williams %R ChartReliance Industries Limited Daily Williams %R Chart
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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 9.63796943.

Reliance Industries Limited Daily Average True Range (ATR) ChartReliance Industries Limited Daily Average True Range (ATR) Chart
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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 -3,969,081.

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 42.54.

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
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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
2024-07-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-08-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-08-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-23MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-08-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-08-28MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-08-29STOCH SHORT EXITThe %K line crosses above the %D line.
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
2024-08-30STOCH 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).
2024-09-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-18STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-09-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-09-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-09-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-09-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-10-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-10-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-10-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-10-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-14WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-16RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-11-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-11-05RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-11-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-11-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-13SAR 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
2024-11-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-11-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-11-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-12-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside

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 than5049.453
Ma 20Greater thanMa 5060.010
Ma 50Greater thanMa 10063.366
Ma 100Greater thanMa 20067.325
OpenGreater thanClose60.700
Total0/5 (0.0%)
Penke
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