Synopsis
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1676511.83 Crore) operating in Diversified sector.
WikipediaChandan Taparia of Motilal Oswal has buy call on
with a target price of Rs 2580. The current market price of Reliance Industries Ltd. is Rs 2478.1. Time period given by analyst is Intra Day when Reliance Industries Ltd. price can reach defined target.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1676511.83 Crore) operating in Diversified sector.
Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Income From Financial Services, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 195318.00 Crore, up 9.53 % from last quarter Total Income of Rs 178328.00 Crore and up 52.06 % from last year same quarter Total Income of Rs 128450.00 Crore. Company reported net profit after tax of Rs 20406.00 Crore in latest quarter.
Investment Rationale
Higher lows on weekly frame, Bullish Belt Hold on daily along with bounce back from its 50 EMA.
Promoter/FII Holdings
Promoters held 50.61 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.08 per cent, DIIs 11.29 per cent.
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SynopsisReliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1676511.83 Crore) operating in Diversified sector.WikipediaPromoters held 50.61 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.08 per cent, DIIs 11.29 per cent.Chandan Taparia of Motilal Oswal has buy call on with a target price of Rs 2580. The current market price of Reliance Industries Ltd. is Rs 2478.1. Time period given by analyst is Intra Day when Reliance Industries Ltd. price can reach defined target. Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1676511.83 Crore) operating in Diversified sector. Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Income From Financial Services, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2021. Financials For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 195318.00 Crore, up 9.53 % from last quarter Total Income of Rs 178328.00 Crore and up 52.06 % from last year same quarter Total Income of Rs 128450.00 Crore. Company reported net profit after tax of Rs 20406.00 Crore in latest quarter. Investment RationaleHigher lows on weekly frame, Bullish Belt Hold on daily along with bounce back from its 50 EMA. Promoter/FII Holdings Promoters held 50.61 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.08 per cent, DIIs 11.29 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 7 mins read4 mins read4 mins read4 mins read3 mins read4 mins read4 mins read7 mins read