Reliance Industries shares up nearly 2% !!

NEW DELHI: Shares of “Reliance Industries Ltd.” traded 1.51 % up in Friday’s trade at 09:18AM (IST). Around 64,912 shares changed hands on the counter.

The counter opened at Rs 1601.9 and touched the intraday high & low of Rs 1617.7 and Rs 1595.0, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1617.7 and a 52-week low of Rs 867.11.

Total market cap of the Reliance Industries Ltd. stood at Rs 1013648 .crore at the time of writing this report
Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85 % stake in Jio Platforms for Rs 9,093.6 crore, RIL said on Friday.

Key Financials:
The company reported consolidated sales of Rs 136240.0 crore for the quarter ended 31-Mar-2020, down 11.06 % from previous quarter’s Rs 153179.0 crore and down 2.4% from the year-ago quarter’s Rs 139590.0 crore.
The net profit for latest quarter stood is at Rs 6348.0 crore, down 38.74% from the same quarter of a year ago.

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

Valuation ratio:
According to Bombay Stock Exchange (BSE) data, the stock traded at a P/E multiple of 25.76 and a price-to-book ratio of 2.2. 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.

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