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    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Delayed NSE India Stock Exchange  -  06:22:50 2023-02-07 am EST
2305.90 INR   -0.24%
09:42aAdani-owned NDTV's profit more than halves on advertising drop
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09:39aReliance Industries : Analyst Meet – Citi's Annual India Investor Conference 2023
PU
08:29aRIL unveils India's first Hydrogen Combustion Engine technology for heavy-duty trucks
AQ
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INDIA STOCKS-India's Nifty 50 hits record high as oil firms jump

11/28/2022 | 02:35am EST

BENGALURU, Nov 28 (Reuters) - India's blue-chip Nifty 50 stock index hit a record high on Monday, hours after the benchmark Sensex also hit an all-time high, boosted by oil marketing companies as crude prices slid on demand concerns due to protests in China over COVID-19 curbs.

The NSE Nifty 50 index jumped 0.53% to an all-time high of 18,611.05, breaking a record it held since Oct. 19, 2021. Earlier in the day, the S&P BSE Sensex index rose 0.61% to an all-time high of 62,674.49.

The gains in Indian equities defied the weakness in other Asian markets, which fell as rare protests in major Chinese cities against strict zero-COVID curbs raised concerns about the growth implications for the world's second-largest economy.

Those concerns also caused a slide in oil prices as China is a top importer. However, in general, oil-importing countries like India tend to benefit from lower crude prices.

The gains in Indian oil companies were led by Reliance Industries, India's most valuable company, which surged 3.64%. Oil marketing firm Bharat Petroleum Corp jumped 4.31%. (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED -0.48% 332.15 Delayed Quote.0.98%
BRENT OIL 3.01% 83.8 Delayed Quote.-6.97%
NIFTY 50 -0.24% 17721.5 Delayed Quote.-1.88%
RELIANCE INDUSTRIES LTD -0.24% 2305.9 Delayed Quote.-9.26%
SENSEX BSE30 -0.37% 60286.04 Real-time Quote.-0.55%
WTI 3.67% 77.459 Delayed Quote.-8.77%
All news about RELIANCE INDUSTRIES LTD
09:42aAdani-owned NDTV's profit more than halves on advertising drop
RE
09:39aReliance Industries : Analyst Meet – Citi's Annual India Investor Conference 2023
PU
08:29aRIL unveils India's first Hydrogen Combustion Engine technology for heavy-duty trucks
AQ
05:17aIndia's Aditya Birla Fashion Q3 profit sinks on soaring marketing costs
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04:47aReliance Industries : Jio Launches True 5G in 10 More Cities Taking the Benefits of True 5..
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03:40aReliance Jio Rolls Out 5G Services in 10 Indian Cities
MT
12:37aReliance Industries, Ashok Leyland Unveil Heavy-Duty Truck with Hydrogen ICE Technology
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02/06Reliance Industries : RIL unveils India's first Hydrogen Combustion Engine technology for ..
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02/06Reliance Industries : Jio Launches True 5G in Haridwar
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02/05Reliance Industries Arm Launches 5G Telecom Services in Haridwar, India
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Analyst Recommendations on RELIANCE INDUSTRIES LTD
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Financials
Sales 2023 9 305 B 112 B 112 B
Net income 2023 713 B 8 608 M 8 608 M
Net Debt 2023 2 259 B 27 264 M 27 264 M
P/E ratio 2023 22,0x
Yield 2023 0,38%
Capitalization 14 649 B 177 B 177 B
EV / Sales 2023 1,82x
EV / Sales 2024 1,76x
Nbr of Employees 342 982
Free-Float 48,8%
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Technical analysis trends RELIANCE INDUSTRIES LTD
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TrendsBearishBearishBearish
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Mean consensus BUY
Number of Analysts 32
Last Close Price 2 305,90 INR
Average target price 2 864,28 INR
Spread / Average Target 24,2%
EPS Revisions
Managers and Directors
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Chief Financial Officer
Savithri Parekh Secretary & Compliance Officer
Adil Siraj Zainulbhai Independent Non-Executive Director
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