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Buy Reliance Industries; target Rs 1158: Dr CK Narayan

Buy Reliance Industries at a price target of Rs 1158 and a stoploss at Rs 1124.|
Updated: Dec 19, 2018, 09.07 AM IST
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Dr CK Narayan recommended to keep stoploss at Rs 1124.
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries with a target price of Rs 1158. The current market price of Reliance Industries is Rs 1136.45 Time period given by analyst is Intra Day when Reliance Industries price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1124. Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 720345.86 crore) operating in Miscellaneous sector.

Reliance Industries key Products/Revenue Segments include Petroleum Products which contributed Rs 202216.00 crore to Sales Value (64.12 per cent of Total Sales), Petrochemicals which contributed Rs 1,09,614 crore to Sales Value (34.75 per cent of Total Sales), Oil & Gas which contributed Rs 2,468 crore to Sales Value (0.78 per cent of Total Sales), Others which contributed Rs 619 crore to Sales Value (0.19 per cent of Total Sales), Other Services which contributed Rs 440 crore to Sales Value (0.13 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1,43,323 crore, up 11.31 per cent from last quarter Sales of Rs 128756 crore and up 56.67 per cent from last year same quarter Sales of Rs 91,481 crore Company has reported net profit after tax of Rs 9548 crore in latest quarter. The company’s top management includes Dr.Raghunath A Mashelkar, Dr.Shumeet Banerji, Mr.Adil Zainulbhai, Mr.Hital R Meswani, Mr.Mansingh L Bhakta, Mr.Mukesh D Ambani, Mr.Nikhil R Meswani, Mr.P M S Prasad, Mr.Pawan Kumar Kapil, Mr.Raminder Singh Gujral, Mr.Yogendra P Trivedi, Mrs.Arundhati Bhattacharya, Mrs.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain.

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Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

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