Reliance Industries share price surges 11.60% to ₹1,300 on November 2

Key Takeaways

• Reliance Industries closed at ₹1,300, surging 11.60%, after trading between ₹1,214 and ₹1,300 and finishing at the displayed session high.
• Trading volume reached 91,935,820 shares, by far one of the largest volume figures in the batch.
• The close moved above the 50-day and 100-day DMAs and finished only ₹10.80 below the 200-day DMA of ₹1,310.80.

Reliance Industries share price closed November 2 at ₹1,300, gaining 11.60% from the previous close of ₹1,165. The stock opened sharply higher at ₹1,228, traded down to ₹1,214 and then advanced to ₹1,300. The closing price matched the displayed session high. Trading volume reached 91,935,820 shares, making activity exceptionally heavy compared with most other Nifty 50 constituents.

The full intraday range measured ₹86. Reliance finished ₹72 above its opening price and ₹86 above the low, while the absolute increase from the previous close was about ₹135. The stock therefore retained the day's entire move to the upper boundary at the close.

The advance also changed its position against the moving averages. The 50-day DMA stood at ₹1,225, leaving the final price ₹75 higher. The 100-day DMA was ₹1,263.80, putting the close ₹36.20 above it. The 200-day DMA at ₹1,310.80 remained just ₹10.80 above the closing price.

The 52-week range extended from ₹1,152 to ₹1,612. At ₹1,300, Reliance was ₹148 above the annual low and ₹312 below the high. The latest close remained in the lower half of that band despite the double-digit daily gain.

Returns also reflected the sharp recent movement. The one-month return was 11.33%. Three-month performance remained slightly negative at -0.60%, while six months stood at -9.14%. The one-year return was -12.54%.

November 2 was the most pronounced daily move among many of the large Nifty constituents. Reliance gained 11.60%, closed at the session high, traded nearly 92 million shares and finished within ₹10.80 of its 200-day DMA.