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

RELIANCE INDUSTRIES LTD

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Indian shares flat; eyes on border talks, industry data

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09/11/2020 | 01:49am EDT

BENGALURU, Sept 11 (Reuters) - Indian shares were flat on Friday, after an agreement to de-escalate tensions on the contested Indo-China border helped offset some impact from a selloff in U.S. tech stocks overnight, while investors awaited industry data.

The blue-chip NSE Nifty 50 index rose 0.04% to 11,454.00, while the benchmark S&P BSE Sensex was up 0.02% to 38,846.68 by 0455 GMT. The indexes, which are less technology stocks driven than their global peers, closed more than 1.5% higher in the previous session.

The country will be releasing its industrial output data for July later in the day. A Reuters poll forecast a fourth straight month of decline.

India and China said on Thursday they had agreed to disengage troops on their contested Himalayan border and take steps to restore "peace" following a high-level diplomatic meeting in Moscow.

"The disengagement process could be very gradual, which may keep market participants on the toes," said Ajit Mishra, vice president, research at Religare Broking.

The Nifty Auto Index was up 0.45%, after the country's auto industry body said total domestic passenger vehicle sales for August were up 14.2% on the year.

The Nifty Metal Index rose 0.15%. The Indian government is planning to restrict copper and aluminium imports to protect domestic producers, Reuters reported on Thursday, citing sources.

Mortgage lender Housing Development Finance Corporation and India's most valuable bank HDFC Bank Ltd were among the top drags on the Nifty, falling as much as 0.8% each.

IT major Tata Consultancy Services Ltd was among the top boosts, rising as much as 2.2%.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% after overnight selling in U.S. technology stocks and concerns over U.S. stimulus. (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Rashmi Aich)

Stocks mentioned in the article
ChangeLast1st jan.
HDFC BANK LIMITED -1.61% 1030.4 End-of-day quote.-19.00%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED -1.76% 1637.8 End-of-day quote.-32.14%
NIFTY 50 -2.93% 10805.55 Delayed Quote.-8.52%
RELIANCE INDUSTRIES LTD -2.22% 2181.2 Delayed Quote.48.74%
SENSEX 30 -2.96% 36553.6 Real-time Quote.-11.39%
TATA CONSULTANCY SERVICES -5.48% 2332.25 Delayed Quote.14.14%
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Financials
Sales 2021 5 306 B 71 797 M 71 797 M
Net income 2021 421 B 5 698 M 5 698 M
Net Debt 2021 1 020 B 13 799 M 13 799 M
P/E ratio 2021 33,7x
Yield 2021 0,30%
Capitalization 13 849 B 187 B 187 B
EV / Sales 2021 2,80x
EV / Sales 2022 2,13x
Nbr of Employees 195 618
Free-Float 50,9%
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Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 2 187,68 INR
Last Close Price 2 181,20 INR
Spread / Highest target 14,6%
Spread / Average Target 0,30%
Spread / Lowest Target -39,5%
EPS Revisions
Managers
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
Nikhil Rasiklal Meswani Executive Director
Hital Rasiklal Meswani Executive Director
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RELIANCE INDUSTRIES LTD48.74%192 532
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NESTE OYJ55.19%43 182
PTT-26.14%30 318