Trending stocks: Reliance Industries shares up nearly 1%

NEW DELHI: Shares of Reliance Industries traded 0.45 per cent up in Thursday's trade at 09:29AM (IST). Around 59,870 shares changed hands on the counter.

The stock opened at Rs 1438.0 and touched an intraday high and low of Rs 1444.0 and Rs 1425.35, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 1601.94 and a 52-week low of Rs 867.11.

Total market cap of the Reliance Industries Ltd. stood at Rs 907814.8 crore at the time of writing this report.


Nowfloats, an arm, announced its foray into tele-medicine vertical with initial target to bring 1 lakh doctors on board in the next 3-4 months. The company will gradually expand to other tele-medicine ecosystems like e-pharmacy, health check-ups and healthcare related services.

Key Financials
The company reported consolidated sales of Rs 136240.0 crore for the quarter ended 31-Mar-2020, down 11.06 per cent from previous quarter's Rs 153179.0 crore and down 2.4 per cent from the year-ago quarter's Rs 139590.0 crore.

The net profit for latest quarter stood at Rs 6348.0 crore, down 38.74 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 5.29 per cent stake in the firm, while foreign institutional investors held 23.48 per cent and the promoters 48.87 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 23.07 and a price-to-book ratio of 1.97. 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 no growth in the business.

Reliance Industries Ltd. belongs to the Diversified industry.