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

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Sensex, Nifty end higher after inflation data; small, mid-caps add to gains

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09/15/2020 | 06:34am EDT
A broker monitors share prices at a brokerage firm in Mumbai

Indian shares closed higher on Tuesday after data showed annual retail inflation eased more than expected in August, while small- and mid-cap stocks extended gains from the previous session.

The blue-chip NSE Nifty 50 index ended up 0.71% at 11,521.80, while the benchmark S&P BSE Sensex closed 0.74% higher at 39,044.35.

India's retail inflation of 6.69% in August was lower than a Reuters poll forecast, though it remained above the upper end of the Reserve Bank of India's (RBI) medium-term target for a fifth straight month, which is unlikely to give the RBI room to cut rates at its October meeting.

In domestic trading, the Nifty Smallcap 100 hit a more than six-month high and closed 1.53% higher, while the Nifty Midcap 50 index ended up 0.63%.

Both indexes on Monday had gained 5.4% and 2.1%, respectively, after India's markets regulator on Friday said multi-cap funds must invest at least 25% each in large-cap, mid-cap and small-cap stocks.

The Nifty Bank index, which had fallen nearly 7% in September as of Monday's close, ended 1.65% higher. HDFC Bank Ltd and ICICI Bank Ltd were the top boosts to the Nifty 50, closing 1.2% and 2.2% higher.

Defensive sectors such as IT and pharma also gained, with the Nifty IT index and the Nifty Pharma index closing up 0.63% and 1.93%, respectively.

Consumer goods conglomerate ITC Ltd was the top drag on the Nifty, closing down 0.9%.

Broader world markets rose on positive industrial data from China and optimism around COVID-19 vaccines, with investors awaiting the U.S. Federal Reserve's two-day policy meeting that starts later in the day.

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Vinay Dwivedi)

Stocks mentioned in the article
ChangeLast1st jan.
ICICI BANK LIMITED -0.64% 354.75 Delayed Quote.-33.74%
ITC LIMITED 1.36% 171.7 Delayed Quote.-28.73%
NIFTY 50 0.22% 11247.55 Delayed Quote.-7.77%
NIFTY BANK -1.17% 21451.8 Delayed Quote.-33.43%
NIFTY IT 0.25% 19951.35 Delayed Quote.26.70%
RELIANCE INDUSTRIES LTD -0.48% 2234.35 Delayed Quote.49.69%
SENSEX 30 0.25% 38067.93 Real-time Quote.-7.95%
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Financials
Sales 2021 5 289 B 71 918 M 71 918 M
Net income 2021 420 B 5 712 M 5 712 M
Net Debt 2021 924 B 12 563 M 12 563 M
P/E ratio 2021 34,6x
Yield 2021 0,30%
Capitalization 14 186 B 193 B 193 B
EV / Sales 2021 2,86x
EV / Sales 2022 2,16x
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 2 234,35 INR
Spread / Highest target 11,9%
Spread / Average Target -2,09%
Spread / Lowest Target -40,9%
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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PTT-27.27%30 014