Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Reliance Industries : Indian shares close marginally higher; financials, Reliance offset vaccine cheer

06/22/2021 | 06:57am EDT
Brokers react while trading during the presentation of the federal budget at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares gave up most of their gains to end slightly higher on Tuesday, as optimism over the country's record surge in COVID-19 vaccinations was countered by losses in heavyweight financial stocks and conglomerate Reliance Industries.

The benchmark S&P BSE Sensex closed 0.03% higher at 52,588.71, while the blue-chip NSE Nifty 50 index gained 0.17% to end at 15,772.75.

Earlier in the day, the Sensex breached the 53,000 mark while the Nifty came within a whisker of its all-time high, as investor sentiment was lifted by India's record vaccination rollout of 8.3 million doses on Monday, and a recovery in global markets from four-week lows.

However, losses in financial stocks and Reliance, along with a broader pullback in global shares, weighed on the indexes.

The Nifty Bank Index lost 0.36%, clocking its fourth session of losses in five. Reliance fell 0.5%, snapping a three-day streak of gains, and was the top drag to the Nifty 50.

But automakers and construction-related sectors like cement, which are seen benefiting from the easing of pandemic-induced restrictions, rose.

The Nifty Auto Index closed 1.34% higher. Jefferies also said in a research note on Tuesday that India's auto demand is recovering again.

Maruti Suzuki was the top boost to the Nifty 50, jumping 5.3%.

Nifty 50 components Shree Cement and UltraTech Cement rose 3.6% and 1.2%, respectively, while construction giant Larsen & Toubro added 2.2% and was among the top boosts to the Nifty.

Globally, eyes are on U.S. Federal Reserve Chair Jerome Powell's appearance before Congress for more clarity on the central bank's surprise hawkish shift last week. [MKTS/GLOB]

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
All news about RELIANCE INDUSTRIES LTD
07/26Indian Benchmarks Start the Week in Red as Auto, Public Sector Banks and Real..
MT
07/26RELIANCE INDUSTRIES' : Consolidated Profit Drops in Fiscal Q1
MT
07/24RELIANCE INDUSTRIES : Request for re-classification received from Reliance Indus..
PU
07/23RELIANCE INDUSTRIES : 2021 - 2022 Financial Presentation - Q1 Results 23, July |..
PU
07/23JUST DIAL : India's Reliance revenue rises 58% as oil and gas business recovers
RE
07/23RELIANCE INDUSTRIES : Statement of deviation or variation in the use of proceeds..
PU
07/23RELIANCE INDUSTRIES : Media Release - Unaudited Financial Results (Standalone an..
PU
07/23India refiners' June crude processing bridled by virus curbs
RE
07/23Reliance Industries Limited Reports Earnings Results for the First Quarter En..
CI
07/23Reliance Industries 1Q Net Profit Slipped Despite Higher Revenue
DJ
More news
Financials
Sales 2022 6 498 B 87 432 M 87 432 M
Net income 2022 588 B 7 910 M 7 910 M
Net Debt 2022 72 005 M 969 M 969 M
P/E ratio 2022 24,0x
Yield 2022 0,39%
Capitalization 13 042 B 176 B 175 B
EV / Sales 2022 2,02x
EV / Sales 2023 1,70x
Nbr of Employees 236 334
Free-Float 53,5%
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
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 2 053,25 INR
Average target price 2 244,45 INR
Spread / Average Target 9,31%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capi. (M$)
RELIANCE INDUSTRIES LTD3.42%175 631
EXXON MOBIL CORPORATION41.24%249 482
CHEVRON CORPORATION21.46%197 761
BP PLC16.03%83 246
CHINA PETROLEUM & CHEMICAL CORPORATION2.88%70 626
NESTE OYJ-12.07%47 491