Sell Reliance Industries, target Rs 968: Kunal Bothra
Sell Reliance Industries Ltd. at a price target of Rs 968.0 and a stoploss at Rs 1036 from entry point.
Reliance Industries Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 179438.00 Crore to Sales Value (67.70 % of Total Sales), Petrochemicals which contributed Rs 82095.00 Crore to Sales Value (30.97 % of Total Sales), Oil & Gas which contributed Rs 2787.00 Crore to Sales Value (1.05 % of Total Sales), Others which contributed Rs 589.00 Crore to Sales Value (0.22 % of Total Sales), Other Services which contributed Rs 132.00 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 116915.00 Crore, up 17.14 % from last quarter Sales of Rs 99810.00 Crore and up 37.83 % from last year same quarter Sales of Rs 84823.00 Crore Company has reported net profit after tax of Rs 9467.00 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 S Gujral, Mr.Yogendra P Trivedi, Mrs.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain. Company has Rajendra & Co. as its auditoRs As on 31-03-2018, the company has a total of 6,334,651,022 shares outstanding.