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Wednesday, April 21, 2021

Trending stocks: Reliance Industries shares flat in early trade

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NEW DELHI: Shares of Reliance Industries Ltd. traded 0.11 per cent down in Monday’s trade at 11:05AM (IST). Around 183,673 shares changed hands on the counter.

The counter opened at Rs 2098.8 and touched an intraday high and low of Rs 2101.85 and Rs 2077.05, respectively, in the session so far. The stock 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 1406497.52 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 88253 crore for the quarter ended 30-Jun-2020, down 35.22 per cent from previous quarter’s Rs 136240 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 corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors 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.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 33.11 and a price-to-book ratio of 2.86. 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.

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