NEW DELHI: Shares of Reliance Industries Ltd. traded 1.21 per cent up in Tuesday’s trade at 11:21AM (IST). Around 153,664 shares changed hands on the counter.
The stock opened at Rs 2093.8 and touched an intraday high and low of Rs 2120.0 and Rs 2080.9, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 2198.7 and a 52-week low of Rs 867.11.
Total market cap of the Reliance Industries Ltd. stood at Rs 1425971.63 crore at the time of writing this report.
The company reported consolidated net sales of Rs 88253.0 crore for the quarter ended 30-Jun-2020, down 35.22 per cent from previous quarter’s Rs 136240.0 crore and down 43.78 per cent from the year-ago quarter’s Rs 156976 crore.
The net profit for latest quarter stood at Rs 13233 crore, up 30.97 per cent from the same quarter a year ago.
As of 30-Jun-2020, DIIs held 5.31 per cent stake in the firm, while foreign institutional investors held 24.12 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 33.57 and a price-to-book ratio of 2.9. 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.