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Trending stocks: Reliance Industries shares up nearly 2%

A total of 64,912 shares changed hands on the counter till 09:18AM (IST).

ETMarkets.com|
Last Updated: Jun 05, 2020, 09.21 AM IST
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Reliance Industries


Total market cap of the Reliance Industries Ltd. stood at Rs 1013648.87 crore at the time of writing this report. 

NEW DELHI: Shares of Reliance Industries Ltd. traded 1.51 per cent up in Friday's trade at 09:18AM (IST). Around 64,912 shares changed hands on the counter.

The counter opened at Rs 1601.9 and touched an intraday high and low of Rs 1617.7 and Rs 1595.0, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1617.7 and a 52-week low of Rs 867.11.

Total market cap of the Reliance Industries Ltd. stood at Rs 1013648.87 crore at the time of writing this report.

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85 per cent stake in Jio Platforms for Rs 9,093.6 crore, RIL said on Friday.

Key Financials
The company reported consolidated 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 same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 5.29 per cent stake in the company, 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 25.76 and a price-to-book ratio of 2.2. 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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