THINGS TO KNOW ABOUT RELIANCE STOCK

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This year, the shares of Reliance Industries Ltd. (RIL), run by Mukesh Ambani, have produced moderate returns. This year, the stock that tops the Sensex and Nifty in terms of market capitalization has gained 9.41%. The weak global market sentiment brought on by rising inflation, the government's windfall tax, falling crude oil prices, and declining Singapore GRM, among other things, have all influenced the direction of the index heavyweight.

Here’s a look at key things to know about the Reliance Industries stock in 2022

Shares of RIL have increased by 7.76% in the past year and 9.41% in 2022. On April 29 of this year, the large-cap stock reached its all-time high of Rs 2,855. In the same session, the Mukesh Ambani-led conglomerate made history by becoming the first Indian listed company to reach Rs 19 lakh crore in market capitalization.

On March 8 of this year, RIL shares fell to Rs 2,181 from their 52-week low. The stock reached its record high in less than two months. During that time, the rupee increased by a significant 30.90%, or Rs 674.

The beta of RIL stock is 1.06 after one year. This suggests that the stock has high risk and volatility. During corrections, a high-beta stock can decline much more quickly than the index, but it can also rise much faster than the index. For instance, the benchmark Sensex has gained 6.3% in a year and 5.66% in 2022, respectively, compared to RIL stock's one-year returns of 7.76 % & year-to-date returns of 9%.

Since the massive company's 45th annual general meeting (AGM) on September 29 this year, shares of the company have not changed. In the same session, the stock ended at Rs 2,596.80 on the BSE. The scrip was trading at Rs 2,596 during the current session, offering investors the same returns as before the AGM.

The Relative Strength Index (RSI) of the RIL stock is 43.2. A scrip's value above 70 indicates that it is overbought, while a stock's value below 30 indicates that it is oversold. As a result, the RSI rating on the stock is neutral. The stock of the conglomerate has a price to equity ratio of 27.24, which is higher than the PE of 12.64 for the industry. This suggests that the stock is worth too much.