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Reliance Industries shares reach four-month high on earnings outlook

after close1 source ↓written by the desknot a recommendation

to a four-month
2%
four-month high
₹1,542
20 Nov 2023
target price
₹1,820

Shares of Reliance Industries Ltd. rose nearly 2% to a four-month high of ₹1,542 on 20 Nov 2023. Analysts expect improved earnings from its oil-to-chemicals business and new energy ventures. UBS maintains a 'buy' rating with a target price of ₹1,820, citing strong refining margins and a diversified crude sourcing strategy.

This positive sentiment may enhance near-term trading activity for investors as the company navigates geopolitical uncertainties.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Nov 2025, 16:04 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed −0.2% on the day of the news, from ₹1,549.10 to ₹1,546.60; Nifty −0.5% over the same session; futures OI −1.0%.

Bulletin at 16:04 IST on 20 Nov 2025. Every change is measured from ₹1,549.10, the last close before it, on 20 Nov. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it144115491657axis spans 15%before the news · 20 Nov1549Nifty 50RELIANCEbulletinD0+1+3+514 Nov26 Nov5 DecFutures open interest, lotspeak 2.3 LReference close ₹1,549.10. 16 sessions from 14 Nov to 5 Dec; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Nov₹1,549.10basebase
On the day21 Nov₹1,546.60▼ −0.2%▼ −0.5%+0.3 pp difference
+1 session24 Nov₹1,535.90▼ −0.8%▼ −0.9%0.0 pp difference
+3 sessions26 Nov₹1,569.90▲ +1.3%▲ +0.1%+1.3 pp difference
+5 sessions28 Nov₹1,567.50▲ +1.2%0.0%+1.1 pp difference
Gap at the open, % · ₹
▼ −0.5%−8.06 on 21 Nov
Day's range, % · ₹
1.1%≈ 18 high to low
Volume on the day
0.89×the 20-session average
Futures OI on the day
▼ −1.0%−2,100 lots · long unwinding · price −0.2%
Futures OI open, lots
2.1 L21 Nov · 25 Nov expiry
Futures premium, ₹
−1.50−0.1% to spot
Puts per call, by OI
0.69from 0.76 the session before
Max pain
1,510from 1,510 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

Thread · RELIANCEAll RELIANCE bulletins →

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