Trending stocks: Reliance Industries shares up over 1%
Shares of traded 1.28 per cent up in trade at 09:46AM on Thursday .
By ETMarkets.com | Updated:
RIL Q4 earnings preview: Here is what to expect
NEW DELHI: Shares of Reliance Industries Ltd. traded 1.28 per cent up in Thursday 's trade at 09:46AM (IST). Around 99679 shares changed hands on the counter.
The scrip opened at Rs 1454.0 and touched an intraday high and low of Rs 1454.0 and Rs 1440.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 1614.7 and a 52-week low of Rs 879.6 .
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 904115.80 Crore) operating in Diversified sector.
The oil-to-telecom conglomerate Reliance Industries (RIL) is slated to announce its March quarter earnings on Thursday. BofA Securities expects RIL’s profit after tax (PAT) to decline 8 per cent quarter-on-quarter (QoQ) to Rs 10,700 crore mainly on the back of weakness in refinery & retail businesses.
Key Financials
The net profit after tax for the latest quarter stood at Rs 11640.0 crore, 13.55 per cent from the same quarter a year ago .
Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 5.12545 per cent stake in the firm , while foreign institutional investors held 23.946152 per cent and the promoters 48.87183 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 21.18 and a price-to-book ratio of 667.23 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.
Reliance Industries Ltd. belongs to the Diversified industry.
The scrip opened at Rs 1454.0 and touched an intraday high and low of Rs 1454.0 and Rs 1440.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 1614.7 and a 52-week low of Rs 879.6 .
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 904115.80 Crore) operating in Diversified sector.
The oil-to-telecom conglomerate Reliance Industries (RIL) is slated to announce its March quarter earnings on Thursday. BofA Securities expects RIL’s profit after tax (PAT) to decline 8 per cent quarter-on-quarter (QoQ) to Rs 10,700 crore mainly on the back of weakness in refinery & retail businesses.
Key Financials
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The company reported consolidated net sales of Rs 152939.0 crore for the quarter ended 31-Dec-2019 , up 2.97 per cent from previous quarter's Rs 148526.0 crore and up -2.21 per cent from the year-ago quarter's Rs 156397.0 crore. The net profit after tax for the latest quarter stood at Rs 11640.0 crore, 13.55 per cent from the same quarter a year ago .
Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 5.12545 per cent stake in the firm , while foreign institutional investors held 23.946152 per cent and the promoters 48.87183 per cent.
Valuation ratio
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According to BSE data, the stock traded at a P/E multiple of 21.18 and a price-to-book ratio of 667.23 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.
Reliance Industries Ltd. belongs to the Diversified industry.
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