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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Reliance Industries Ltd    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Indian shares end flat; Reliance gains, financials weigh

02/23/2021 | 05:42am EST
A bird flies past the Bombay Stock Exchange building in Mumbai

BENGALURU (Reuters) - Indian shares ended nearly flat on Tuesday as gains in Reliance and commodity firms were offset by a selloff in financial stocks.

The NSE Nifty 50 index ended 0.22% higher at 14,707.70 and the S&P BSE Sensex closed 0.01% higher at 49,751.41.

Both the indexes snapped five sessions of losses to advance 1.2% during the session, before paring gains as investors sold private sector bank stocks.

"There is no positive news in the near term to propel markets higher and we may continue to see such sedate moves until there are fresh triggers that will decide which way market will move going-ahead," said Deepak Jasani, head of retail research at HDFC Securities.

Indian equities rose sharply in the first two weeks of February, on solid corporate earnings and a well-received federal budget, before trimming some of the gains due to profit-taking.

Analysts have warned that despite the selloff in the last five sessions, valuations remain high and a correction is over-due.

Reliance Industries was the top boost to the Nifty 50, closing up 0.8% after the conglomerate said it expected to hive off its oil-to-chemicals (O2C) business in the September quarter.

Among major sectoral indexes, the Nifty metal index advanced the most, closing up nearly 4% amid a rally in copper prices fuelled by hopes of a recovery in demand.

The Nifty energy index closed 2.1% higher, with shares of Oil and Natural Gas Corp rising 5.5%.

Lenders Kotak Mahindra Bank and HDFC Bank were the biggest drags on the Nifty 50, falling 3.9% and 1.2%, respectively.

Nifty's PSU bank index finished the session 0.14% lower.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -3.79% 64.4 Delayed Quote.30.10%
NIFTY 50 -3.76% 14529.15 Delayed Quote.7.98%
RELIANCE INDUSTRIES LTD -2.73% 2085.8 Delayed Quote.5.06%
SENSEX 30 -3.80% 49099.99 Real-time Quote.6.89%
WTI -2.98% 61.53 Delayed Quote.31.86%
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Financials
Sales 2021 5 116 B 69 212 M 69 212 M
Net income 2021 466 B 6 301 M 6 301 M
Net Debt 2021 271 B 3 673 M 3 673 M
P/E ratio 2021 30,2x
Yield 2021 0,34%
Capitalization 13 243 B 179 B 179 B
EV / Sales 2021 2,64x
EV / Sales 2022 1,99x
Nbr of Employees 195 618
Free-Float 50,4%
Chart RELIANCE INDUSTRIES LTD
Duration : Period :
Reliance Industries Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 2 181,33 INR
Last Close Price 2 085,80 INR
Spread / Highest target 19,9%
Spread / Average Target 4,58%
Spread / Lowest Target -35,3%
EPS Revisions
Managers and Directors
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
K. Sethuraman Group Secretary & Chief Compliance Officer
Savithri Parekh Joint Secretary & Compliance Officer
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