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Trending stocks: Reliance Industries shares gain nearly 1%

A total of 80,526 shares changed hands on the counter till 09:25AM (IST).

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Last Updated: May 22, 2020, 09.29 AM IST
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Reliance Industries


Total market cap of the Reliance Industries Ltd. stood at Rs 922363.42 crore at the time of writing this report. 

NEW DELHI: Shares of Reliance Industries Ltd. traded 0.91 per cent up in Friday's trade at 09:25AM (IST). Around 80,526 shares changed hands on the counter.

The counter opened at Rs 1454.8 and touched an intraday high and low of Rs 1458.5 and Rs 1446.75, respectively, in the session so far. The stock of Reliance Industries Ltd. quoted a 52-week high of Rs 1601.94 and a 52-week low of Rs 867.11.

Total market cap of the Reliance Industries Ltd. stood at Rs 922363.42 crore at the time of writing this report.

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Key Financials
The company reported consolidated net sales of Rs 136240.0 crore for the quarter ended 31-Mar-2020, down 11.06 per cent from previous quarter's Rs 153179.0 crore and down 2.4 per cent from the year-ago quarter's Rs 139590.0 crore.

The net profit for latest quarter stood at Rs 6348.0 crore, down 38.74 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 5.29 per cent stake in the firm, while foreign institutional investors held 23.48 per cent and the promoters 48.87 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 23.44 and a price-to-book ratio of 2.0. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Reliance Industries Ltd. belongs to the Diversified industry.
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