Buy Reliance Industries, target price Rs 2240: Motilal Oswal

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1311632.44 Crore) operating in Diversified sector.

Promoters held 49.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 27.2 per cent, DIIs 13 per cent and public and others 10.6 per cent.
Motilal Oswal has buy call on Reliance Industries with a target price of Rs 2240. The current market price of Reliance Industries Ltd. is Rs 1919.8.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1311632.44 Crore) operating in Diversified sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 116195.00 Crore, up 31.66 % from last quarter Sales of Rs 88253.00 Crore and down -21.77 % from last year same quarter Sales of Rs 148526.00 Crore Company reported net profit after tax of Rs 10497.00 Crore in latest quarter.

RIL1

Promoter/FII Holdings
Promoters held 49.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 27.2 per cent, DIIs 13 per cent and public and others 10.6 per cent.
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