Buy Reliance Industries, target Rs 1340: Dr CK Narayan
Buy Reliance Industries Ltd. at a price target of Rs 1340.0 and a stoploss at Rs 1300 from entry point.
Reliance Industries Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 202216.00 Crore to Sales Value (64.12 % of Total Sales), Petrochemicals which contributed Rs 109614.00 Crore to Sales Value (34.75 % of Total Sales), Oil & Gas which contributed Rs 2468.00 Crore to Sales Value (0.78 % of Total Sales), Others which contributed Rs 619.00 Crore to Sales Value (0.19 % of Total Sales), Other Services which contributed Rs 440.00 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 128756.00 Crore, up 10.13 % from last quarter Sales of Rs 116915.00 Crore and up 54.25 % from last year same quarter Sales of Rs 83471.00 Crore Company has reported net profit after tax of Rs 9475.00 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.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 6,336,398,954 shares outstanding.