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    Trending stocks: Reliance Industries shares down nearly 1%

    Synopsis

    A total of 6,562 shares changed hands on the counter till 09:17AM (IST).

    Agencies
    Total market cap of the Reliance Industries Ltd. stood at Rs 846355.61 crore at the time of writing this report. 
    NEW DELHI: Shares of Reliance Industries Ltd. traded 0.6 per cent down in Friday's trade at 09:17AM (IST). Around 6,562 shares changed hands on the counter.

    The scrip opened at Rs 1470.7 and touched an intraday high and low of Rs 1470.7 and Rs 1458.45, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1601.94 and a 52-week low of Rs 867.11.

    Total market cap of the Reliance Industries Ltd. stood at Rs 846355.61 crore at the time of writing this report.

    Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries digital unit Jio platforms, according to reports.

    Key Financials
    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.

    Shareholding pattern
    As of 31-Mar-2020, domestic institutional investors held 5.29 per cent stake in the firm, while foreign institutional investors held 23.48 per cent and the promoters 48.87 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 21.51 and a price-to-book ratio of 1.83. 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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    2 Comments on this Story

    Snow Lep46 days ago
    Still massively overvalued on the hopes and dreams of FII's. Taking future value, and appropriating it now. Holders down the line will pay the price. What are the forward looking P/E ratios being committed ? The silver lining is reduced debt burden.
    vinod vinu46 days ago
    BUY ... TVS Motor ... ON BREAKING 352...... WILL GO UP TO 430 ...
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