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Stock market news: RIL shares slip 1%

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NEW DELHI: Shares of Reliance Industries Ltd. traded 0.74 per cent down in Monday’s trade at 01:16PM (IST). Around 278311 shares changed hands on the counter. The stock opened at Rs 2246 and touched an intraday high and low of Rs 2249.0 and Rs 2206.4, respectively, in the session so far.

The stock quoted a 52-week high of Rs 2360.2 and a 52-week low of Rs 875.65.

RIL on Saturday announced that Singapore’s sovereign wealth fund GIC will invest Rs 5,512.5 crore into its retail arm Reliance Retail Ventures Limited (RRVL), while investment firm TPG will pump in Rs 1,837.5, for a 1.22 per cent and a 0.41 per cent equity stake in RRVL respectively on a fully diluted basis.

Financials

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 905208.16 Crore) operating in Diversified sector.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 88253 Crore, down 35.22 per cent from last quarter Sales of Rs 136240 Crore and down 43.78 per cent from last year same quarter Sales of Rs 156976 Crore. Company has reported net profit after tax of Rs 12926 Crore in latest quarter.

Reliance Industries Ltd. key Products/Revenue Segments include Refinery which contributed Rs 234687 Crore to Sales Value (66.88 per cent of Total Sales), Petrochemicals which contributed Rs 112726 Crore to Sales Value (32.12 per cent of Total Sales), Other Services which contributed Rs 1236 Crore to Sales Value (0.35 per cent of Total Sales), Oil & Gas which contributed Rs 1093 Crore to Sales Value (0.31 per cent of Total Sales), Income From Financial Services which contributed Rs 616 Crore to Sales Value (0.17 per cent of Total Sales), Others which contributed Rs 522 Crore to Sales Value (0.14 per cent of Total Sales) for the year ending 31-Mar-2020.

Promoter holding

Promoters held 49.15 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio

It quoted a price-to-earnings ratio of 35.24 and price to book value of 1.56.

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