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

RELIANCE INDUSTRIES LTD

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

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09/15/2020 | 07:34am 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 0.97% 399.9 Delayed Quote.-26.51%
ITC LIMITED -1.00% 163.85 Delayed Quote.-30.37%
NIFTY 50 -0.50% 11670.8 Delayed Quote.-2.29%
NIFTY BANK 2.88% 24092 Delayed Quote.-22.98%
NIFTY IT -1.14% 20876.95 Delayed Quote.34.31%
RELIANCE INDUSTRIES LTD 0.77% 2026.9 Delayed Quote.34.12%
SENSEX 30 -0.43% 39749.85 Real-time Quote.-3.23%
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Financials
Sales 2021 5 334 B 71 656 M 71 656 M
Net income 2021 413 B 5 550 M 5 550 M
Net Debt 2021 870 B 11 688 M 11 688 M
P/E ratio 2021 31,5x
Yield 2021 0,33%
Capitalization 12 869 B 173 B 173 B
EV / Sales 2021 2,58x
EV / Sales 2022 1,93x
Nbr of Employees 195 618
Free-Float 50,9%
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Technical analysis trends RELIANCE INDUSTRIES LTD
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 2 188,14 INR
Last Close Price 2 011,45 INR
Spread / Highest target 24,3%
Spread / Average Target 8,78%
Spread / Lowest Target -34,4%
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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