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

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Delayed Quote. Delayed NSE India Stock Exchange - 01/19 06:13:57 am
2016.4 INR   +1.64%
07:52aYE YE : Indian shares end over 1% higher; markets eye Yellen speech
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05:50aIndian shares end over 1% higher; markets eye Yellen speech
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01:06aIndian shares rise over 1% on boost from Reliance, HDFC
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Sensex, Nifty end higher on Reliance boost, recovery hopes

09/02/2020 | 04:46am EST
The Bombay Stock Exchange building is seen from a facade in Mumbai

Indian shares closed higher on Wednesday, tracking a broader rally in equities after robust manufacturing data strengthened prospects of an economic recovery, with gains propelled by the country's most valuable company Reliance Industries.

The Nifty closed up 0.56% at 11,535, while the Sensex ended 0.48% higher at 39,086.03.

After trading range-bound for most of the session, both indices gained in late afternoon trading as European stocks and U.S. futures advanced after manufacturing data from major economies indicated that they were recovering from the damage caused by the COVID-19 pandemic.

Investors also looked past concerns around heightened border tensions, after India accused China of "provocative actions" on Tuesday.

"Market has digested all the (negative news of late) and now we are seeing some buying interest emerging in select pockets, especially the autos, after the better-than-expected auto numbers, while the global market support is there anyway," said Ajit Mishra, vice president, research at Religare Broking.

Heavyweight conglomerate Reliance Industries was the top boost to the Nifty, which closed 2% higher.

The Nifty auto index closed up 1.15% after top automakers such as Maruti Suzuki India Ltd posted higher August sales.

Mahindra and Mahindra Ltd and Escorts Ltd also reported higher August tractor sales, pointing to strength in the agrarian sector.

However, two- and three-wheeler maker Bajaj Auto Ltd fell 2.6% after reporting a fall in sales, and was the top laggard on the Nifty.

State-run Oil and Natural Gas Corporation Ltd closed 1.2% higher after reporting a better-than-expected June-quarter profit on Tuesday evening.

Coal India Ltd, due to announce quarterly results later in the day, closed up 2.1% after reporting a rise in August production.

By Anuron Kumar Mitra


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO 2.17% 3641 Delayed Quote.3.48%
COAL INDIA LIMITED 1.01% 140.1 Delayed Quote.2.40%
LONDON BRENT OIL 1.04% 55.34 Delayed Quote.6.15%
MARUTI SUZUKI INDIA LTD 1.17% 7922.6 Delayed Quote.2.37%
RELIANCE INDUSTRIES LTD 1.64% 2016.4 Delayed Quote.-0.07%
SENSEX 30 1.72% 49398.29 Real-time Quote.2.69%
WTI 0.39% 52.505 Delayed Quote.8.19%
All news about RELIANCE INDUSTRIES LTD
07:52aYE YE : Indian shares end over 1% higher; markets eye Yellen speech
RE
05:50aIndian shares end over 1% higher; markets eye Yellen speech
RE
01:06aIndian shares rise over 1% on boost from Reliance, HDFC
RE
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01/18RELIANCE TO EMBED E-COMMERCE APP INT : Mint
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01/18RELIANCE INDUSTRIES : Notice of Board Meeting scheduled to be held on January 22..
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01/15RELIANCE INDUSTRIES : Notice of Board Meeting scheduled on January 22, 2021
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01/15RELIANCE INDUSTRIES : Correction to India Farm Protest Article Jan. 6
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01/14INDIAN STORES SHUTTERED BY FARMER PR : sources
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More news
Financials
Sales 2021 5 228 B 71 436 M 71 436 M
Net income 2021 443 B 6 054 M 6 054 M
Net Debt 2021 424 B 5 800 M 5 800 M
P/E ratio 2021 29,7x
Yield 2021 0,33%
Capitalization 12 597 B 172 B 172 B
EV / Sales 2021 2,49x
EV / Sales 2022 1,85x
Nbr of Employees 195 618
Free-Float 50,4%
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
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 2 196,07 INR
Last Close Price 1 983,95 INR
Spread / Highest target 26,0%
Spread / Average Target 10,7%
Spread / Lowest Target -33,5%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE INDUSTRIES LTD-0.07%172 083
EXXON MOBIL CORPORATION16.18%202 490
BP PLC17.88%82 403
CHINA PETROLEUM & CHEMICAL CORPORATION14.12%74 261
NESTE OYJ3.28%56 660
PTT0.00%40 296