The counter opened at Rs 1980.05 and touched an intraday high and low of Rs 2000.0 and Rs 1960.0, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 2000.0 and a 52-week low of Rs 867.11.
Total market cap of the Reliance Industries Ltd. stood at Rs 1350745.89 crore at the time of writing this report.
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 corresponding quarter last year.
As of 11-Jun-2020, DIIs held 5.25 per cent stake in the firm, while foreign institutional investors held 24.14 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a P/E multiple of 34.32 and a price-to-book ratio of 2.74. 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.