The counter opened at Rs 1754.0 and touched an intraday high and low of Rs 1764.15 and Rs 1745.1, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1804.1 and a 52-week low of Rs 867.11.
Total market cap of the Reliance Industries Ltd. stood at Rs 1185182.15 crore at the time of writing this report.
India’s most-valued firm Reliance Industries (RIL) said on Monday it will hold its annual general meeting (AGM) through video conferencing (VC) or other audio-visual means (OAVM) on July 15. Foreign brokerage Macquarie said the risk-reward is skewed firmly towards the negative for Reliance Industries shares after the run-up in stock price.
The company reported consolidated net sales of Rs 136240.0 crore for the quarter ended 31-Mar-2020, down 11.06 per cent from previous quarter’s Rs 153179.0 crore and down 2.4 per cent from the year-ago quarter’s Rs 139590.0 crore.
The net profit for latest quarter stood at Rs 6348.0 crore, down 38.74 per cent from the corresponding quarter last year.
As of 11-Jun-2020, DIIs held 5.25 per cent stake in the firm, while foreign institutional investors held 24.14 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 30.12 and a price-to-book ratio of 2.41. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Reliance Industries Ltd. belongs to the Diversified industry.
if(geolocation&&geolocation!=5&&(typeof skip=='undefined'||typeof skip.fbevents=='undefined')) !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=;t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e);s.parentNode.insertBefore(t,s)(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','338698809636220');fbq('track','PageView');