Buy Reliance Industries, target Rs 1420.0 : Pritesh Mehta

Pritesh Mehta of IIFL has a buy call on Reliance Industries Ltd. with a target price of Rs 1420.0 .The current market price of Reliance Industries Ltd. is R 1365.45. The time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach defined target. Pritesh Mehta maintains stop loss at Rs 1330.0 .

Reliance Industries Ltd., incorporated in the year 1973, is a largecap company (with a market cap of ₹ 442032.68 crore) operating in Miscellaneous sector.

Reliance Industries Ltd. key Products/Revenue Segments include Petroleum Products which contributed ₹ 169305.00 Cr to Sales Value (67.38 % of Total Sales), Petrochemicals which contributed ₹ 76903.00 Cr to Sales Value (30.60 % of Total Sales), Oil & Gas which contributed ₹ 4259.00 Cr to Sales Value (1.69 % of Total Sales), Others which contributed ₹ 633.00 Cr to Sales Value (0.25 % of Total Sales), Other Services which contributed ₹ 141.00 Cr to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 84823.00 Cr., up 6.82% from last quarter Sales of ₹ 79408.00 Cr. and up 42.09% from last year same quarter Sales of ₹ 59696.00 Cr. Company has reported net profit after tax of ₹ 8058.00 Cr. in latest quarter. The company’s CEO is Mr.Mukesh D Ambani. It's Board of Directors include Dr.Dharam Vir Kapur, Dr.Raghunath A Mashelkar, Mr.Adil Zainulbhai, Mr.Alok Agarwal, Mr.Hital R Meswani, Mr.K Sethuraman, Mr.Mansingh L Bhakta, Mr.Mukesh D Ambani, Mr.Nikhil R Meswani, Mr.P M S Prasad, Mr.Pawan Kumar Kapil, Mr.Raminder S Gujral, Mr.Srikanth Venkatachari, Mr.Yogendra P Trivedi, Mrs.Nita M Ambani, Prof.Ashok Misra, Prof.Dipak C Jain, Mr.K Sethuraman. Company has its registered office at 3rd Floor,, Maker Chambers IV,, 222, Nariman Point, Mumbai, 400021, Maharashtra. Company has Rajendra & Co. as its auditors. As on 31-03-2017, the company has a total of 3,158,865,754 shares outstanding.