Buy Reliance Industries, target Rs 1160: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Reliance Industries Ltd. with a target price of Rs 1160. The current market price of Reliance Industries Ltd. is Rs 1127.5. Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1112. Reliance Industries Ltd., incorporated in 1973, is a largecap company with a market cap of Rs 714672.85 crore.

Reliance Industries Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 202216.00 Crore to Sales Value (64.12 % of Total Sales), Petrochemicals which contributed Rs 109614.00 Crore to Sales Value (34.75 % of Total Sales), Oil & Gas which contributed Rs 2468.00 Crore to Sales Value (0.78 % of Total Sales), Others which contributed Rs 619.00 Crore to Sales Value (0.19 % of Total Sales), Other Services which contributed Rs 440.00 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 143323.00 Crore, up 11.31 % from last quarter Sales of Rs 128756.00 Crore and up 56.67 % from last year same quarter Sales of Rs 91481.00 Crore Company has reported net profit after tax of Rs 9548.00 Crore in latest quarter. The company’s top management includes Dr.Raghunath A Mashelkar, Dr.Shumeet Banerji, Mr.Adil Zainulbhai, Mr.Hital R Meswani, Mr.Mansingh L Bhakta, Mr.Mukesh D Ambani, Mr.Nikhil R Meswani, Mr.P M S Prasad, Mr.Pawan Kumar Kapil, Mr.Raminder Singh Gujral, Mr.Yogendra P Trivedi, Mrs.Arundhati Bhattacharya, Mrs.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 6,338,440,341 shares outstanding.