NEW DELHI: Shares of Reliance Industries Ltd. traded 1.18 per cent up in Friday’s trade at 09:42AM (IST). Around 150,492 shares changed hands on the counter.
The stock opened at Rs 1829.9 and touched an intraday high and low of Rs 1849.8 and Rs 1824.6, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1870.0 and a 52-week low of Rs 867.11.
Total market cap of the Reliance Industries Ltd. stood at Rs 1248912.53 crore at the time of writing this report.
Oil-to-telecom conglomerate RIL said the company along with energy major BP have started their new Indian fuels and mobility joint venture, Reliance BP Mobility Ltd (RBML).
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 same quarter a year ago.
As of 11-Jun-2020, domestic institutional investors held 5.25 per cent stake in the company, while foreign institutional investors held 24.14 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 31.74 and a price-to-book ratio of 2.54. 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.
Source: ET Markets