1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Reliance Industries Ltd
  6. News
  7. Summary
    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
  Report
Delayed NSE India Stock Exchange  -  05/16 07:14:09 am EDT
2427.20 INR   +0.02%
02:42aReliance Reportedly to Acquire Dozens of Brands in $6.5-Billion Consumer Goods Play
CI
05/13Indian shares end lower on SBI slump
RE
05/13Indian shares track broader Asian stocks higher; Reliance jumps
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares end lower on SBI slump

05/13/2022 | 06:56am EDT
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange building in Mumbai

BENGALURU, May 13 (Reuters) - Indian shares ended lower for a sixth straight session on Friday, reversing from earlier gains as poor earnings from top lender State Bank of India offset a jump in Tata Motors.

The NSE Nifty 50 index closed 0.16% lower at 15,782.15 and the S&P BSE Sensex fell 0.26% to 52,793.62, having risen more than 1% earlier in the session.

The indexes logged their fifth straight week of losses, the longest weekly losing streak since 2020.

Sentiment was also weighed down by higher oil prices, which pressure the trade and current account deficits of India - the world's third-largest importer and consumer of oil.

"We are continuing to see foreign investors selling and the market bounce back today had given some investors an opportunity to sell at a better price and crude prices have moved up, so sentiment for India is still negative," said Neeraj Dewan, director at Quantum Securities.

Foreign investors sold $1.81 billion worth Indian equities this week, compared with outflows of worth $635 million in the previous week.

The market is unlikely to see a sustained rebound unless there is some improvement on the macro front, such as inflation or crude prices, Dewan said.

Data on Thursday showed India's annual retail inflation rose by a more-than-expected 7.79% in April, staying above the central bank's tolerance band of 6% for a fourth straight month.

Conglomerate Reliance Industries - India's most valuable company - closed 1.1% higher to snap a nine-day losing streak.

Bajaj Finance and Bajaj Finserv were among the top drags on the Nifty 50, falling 1.4% and 1.9%, respectively.

State Bank of India ended down 3.9% after touching a two-month low due to a weaker-than-expected profit for the fourth quarter.

The Nifty's auto index advanced the most among Nifty sub-indexes, closing up 2.4%. The jump was led by an 8.6% rise in Tata Motors Ltd after it reported a smaller quarterly loss late on Thursday.

(Reporting by Rama Venkat in Bengaluru; Editing by Aditya Soni)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED 2.37% 5646.05 End-of-day quote.-19.08%
BAJAJ FINSERV LIMITED 0.37% 12655.25 Delayed Quote.-22.86%
BANK OF INDIA LIMITED 2.85% 43.35 End-of-day quote.-15.58%
LONDON BRENT OIL 0.44% 114.15 Delayed Quote.41.60%
NIFTY 50 0.38% 15842.3 Delayed Quote.-9.06%
RELIANCE INDUSTRIES LTD 0.02% 2427.2 Delayed Quote.2.49%
SENSEX 30 0.34% 52973.84 Real-time Quote.-9.06%
STATE BK OF INDIA 2.33% 455 Delayed Quote.-1.18%
TATA MOTORS LIMITED 0.23% 405.3 End-of-day quote.-15.97%
WTI 1.11% 114.01 Delayed Quote.44.13%
All news about RELIANCE INDUSTRIES LTD
02:42aReliance Reportedly to Acquire Dozens of Brands in $6.5-Billion Consumer Goods Play
CI
05/13Indian shares end lower on SBI slump
RE
05/13Indian shares track broader Asian stocks higher; Reliance jumps
RE
05/12Indian shares fall over 2%, rupee hits record low ahead of inflation data
RE
05/11Indian shares hit two month-low as oil prices rise; U.S. inflation data in focus
RE
05/09Reliance Brands Becomes Official Retailer Partner of Italian Luxury Brand Tod's in Indi..
MT
05/09Indian Indices End in Red; Reliance Industries Tops Drag
MT
05/09Indian Benchmarks Extend Losses as Session Ends
MT
05/09Indian shares end lower, rupee hits record low on global economic growth fears
RE
05/09Reliance Industries' Telecom Arm Books Nearly 23% Jump in Consolidated Net Profit in Fi..
MT
More news
Analyst Recommendations on RELIANCE INDUSTRIES LTD
More recommendations
Financials
Sales 2022 7 033 B 90 351 M 90 351 M
Net income 2022 609 B 7 823 M 7 823 M
Net Debt 2022 1 387 B 17 823 M 17 823 M
P/E ratio 2022 26,5x
Yield 2022 0,34%
Capitalization 16 420 B 211 B 211 B
EV / Sales 2022 2,53x
EV / Sales 2023 2,02x
Nbr of Employees 236 334
Free-Float 50,3%
Chart RELIANCE INDUSTRIES LTD
Duration : Period :
Reliance Industries Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 2 427,20 INR
Average target price 2 812,73 INR
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
Savithri Parekh Secretary & Compliance Officer
Dipak Chand Jain Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
RELIANCE INDUSTRIES LTD2.49%211 931
EXXON MOBIL CORPORATION45.22%374 327
CHEVRON CORPORATION43.05%329 833
BP PLC25.48%98 130
CHINA PETROLEUM & CHEMICAL CORPORATION6.61%73 252
MARATHON PETROLEUM CORPORATION49.84%51 871