Stock market news: Reliance Industries shares gain 2.86%

NEW DELHI: Shares of Reliance Industries Ltd. traded 2.86 percent in Tuesday’s trade at. 11:03 (IST). About 23,057 shares changed hands on the counter.

The script opened at Rs 1150.0 and touched an intraday high and low of Rs 1178.55 and Rs 1146.0 respectively in the session so far. The share in Reliance Industries Ltd. cited a 52 weeks high of Rs 1469.95 and a 52-week low of Rs 665.0.

BP and Reliance Industries have sought to close the ceiling on natural gas prices, which have been halved in one year to $ 4 per unit, limiting gains to difficult-to-field gas producers. The two companies have written separately to the government, calling for the abolition of the price cap and seeking full marketing and price freedom for natural gas produced from fields in the deep sea.

The total market value of Reliance Industries Ltd. was Rs 1399139.41 at the time of this report.

Key economy

The company reported consolidated sales of $ 128,450.0 in the quarter ended December 31, 2020, an increase of 6.65 percent from the previous quarter of $ 120,444.0, and an increase of 17.97 percent from the quarter last year, Rs 156584.0 crore.

Net income for the most recent quarter was Rs 13,101.0 crore, an increase of 12.55 percent from the same quarter a year ago.

Shareholder pattern

As of December 31, 2020, DIIs had a 4.72 percent stake in the firm, while foreign institutional investors had 24.47 percent and promoters 49.14 percent.

Valuation ratio

According to BSE data, the stock is trading at a P / E multiple of 33.12 and a price-to-book ratio of 1.56. A higher P / E ratio shows that investors are willing to pay a higher price due to better future expectations for growth. Price-to-book value indicates a company’s intrinsic value and is the measure of the price that investors are willing to pay, even without growth in the company.

Reliance Industries Ltd. belongs to the diversified industry.

Spread the love
[ Sharing is Caring! ]

More Tags We Love

what's the cheapest auto insurance in california how to get cheaper insurance at 25 travel insurance uk to us how to apply for unemployment insurance benefits how much is high risk auto insurance how much is good health insurance in california which is the best health insurance in switzerland car insurance for seniors over 60 how much does life insurance cost for a 30 year old how much is insurance for new drivers

This div height required for enabling the sticky sidebar