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    Sell Reliance Industries, target Rs 968: Kunal Bothra

    Synopsis

    Sell Reliance Industries Ltd. at a price target of Rs 968.0 and a stoploss at Rs 1036 from entry point.

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    Independent analyst Kunal Bothra has a sell call on Reliance Industries Ltd. with a target price of Rs 968. The current market price of Reliance Industries Ltd. is Rs 1012.3 Time period given by analyst is Intra Day when Reliance Industries Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1036. Reliance Industries Ltd., incorporated in the year 1973, is a largecap company with a market cap of Rs 641381.00 crore.

    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.
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