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Buy Reliance Industries, target Rs 1,415: Manas Jaiswal

Buy Reliance Industries Ltd. at a price target of Rs 1415.0 and a stoploss at Rs 1340 from entry point.

ETMarkets.com|
Updated: Mar 27, 2019, 09.10 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Reliance Industries Ltd. with a target price of Rs 1415. The current market price of Reliance Industries Ltd. is Rs 1367.15. Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1340. Reliance Industries Ltd., incorporated in 1973, is a largecap company with a market cap of Rs 866594.53 crore.

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 31-12-2018, the company has reported a Consolidated sales of Rs 156397.00 Crore, up 9.12 % from last quarter Sales of Rs 143323.00 Crore and up 56.69 % from last year same quarter Sales of Rs 99810.00 Crore Company has reported net profit after tax of Rs 10352.00 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.Arundhati Bhattacharya, Mrs.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain. Company has S R B C & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 6,338,561,852 shares outstanding.

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