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Reliance Industries Share Price in Focus on Budget Day

Written by: Team Angel OneUpdated on: Feb 1, 2025, 3:37 PM IST
Reliance Industries' share price remained volatile on Budget Day, opening flat but declining by 1.23% by midday. The stock had its 1st negative annual return in CY2024.
Reliance Industries Share Price in Focus on Budget Day
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Reliance Industries Limited (RIL) is India’s largest private-sector enterprise, with a diversified business portfolio spanning energy, petrochemicals, retail, and digital services. Originally founded in the late 1970s as a textile company, RIL has expanded through backward and vertical integration into polyester, fibre intermediates, plastics, petrochemicals, petroleum refining, and oil and gas exploration. This strategic approach has positioned RIL as a global leader, making it the world’s largest polyester yarn and fibre producer and one of the top 10 petrochemical producers globally.

Beyond hydrocarbons, RIL has a significant presence in retail, oil marketing, and digital services through its subsidiaries. The company has gained market leadership in India’s digital services and retail sectors, with both segments contributing substantially to its profitability.

Reliance Industries Share Price Movement on Budget Day

On Budget Day, February 1, 2025, the share price of Reliance Industries opened at ₹1,265.10, reflecting a near-flat movement compared to the previous trading session’s close. During intraday trade, the stock touched a high of ₹1,270.55 on the National Stock Exchange (NSE). However, by 1:26 PM, the stock had declined by 1.23%, trading at ₹1,250.10.

Reliance Industries Stock Performance: A Shift in Trend

For the first time in nearly a decade, Reliance Industries’ share price registered a negative return in CY2024, declining by almost 6%. Since 2015, the stock has been on an upward trajectory, delivering consistent returns to investors. However, market conditions, economic policies, and sectoral headwinds contributed to the downturn in 2024.

Despite the setback in the previous year, Reliance Industries has started CY2025 on a positive note, showing signs of recovery. As of February 1, 2025, the stock has gained nearly 3% year-to-date. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 1, 2025, 3:37 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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