Reliance industries ltd share price

Quotes 5-day view Delayed Nse India Stock Exchange 06/09/2023 06/12/2023 06/13/2023 06/14/2023 06/15/2023 Date 2481.95(c) 2484.15(c) 2520.85(c) 2551.85(c) 2552.55(c) Last 2 712 243 2 949 893 5 190 958 6 127 509 5 451 926 Volume -0.71% +0.09% +1.48% +1.23% +0.03% Change More quotes Estimated financial data (e) Sales 2023 9201B 112B 112B Net income 2023 692B 8439M 8439M Net Debt 2023 2229B 27192M 27192M P/E ratio 2023 24,9x Yield 2023 0,35% Sales 2024 9565B 117B 117B Net income 2024 780B 9511M 9511M Net Debt 2024 2627B 32051M 32051M P/E ratio 2024 22,2x Yield 2024 0,35% Capitalization 16217B 198B 198B EV / Sales 2023 2,00x EV / Sales 2024 1,97x Nbr of Employees 342 982 Free-Float 47,4% More Financials Company Reliance Industries Ltd is a diversified group organized around 6 areas of activity: - refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene,...

Billionaire Mukesh Ambani's ₹2,550 levels which were last seen on January 11, 2023. The performance comes after Bernstein Research gives an "outperform" rating on RIL and expects a potential upside of 22%. The brokerage expects clean energy (solar, battery, electrolyzers, and fuel cells) as growth pillars for the country's largest company in terms of market share. Many other brokerages have given a ‘Buy’ rating on RIL so far this month. According to Bernstein, RIL could potentially achieve $10 billion of revenue from the New Energy business in 2030 which represents 40% of the TAM, reported ANI. By 2030, Bernstein estimates RIL could capture 60%, 30%, and 20% of solar, battery, and hydrogen TAM respectively. Further, Bernstein explained that overall, Reliance is building a fully integrated end-to-end renewables energy ecosystem for customers through solar, batteries, and hydrogen. No other energy company is investing across the entire new energy value chain but if Reliance can pull this off then the value creation and earnings potential will be substantial. Bernstein is not alone with an optimistic rating on RIL stock. Among the latest is also Kotak Institutional Equities which has recommended a 'Buy' rating on RIL for a target price of ₹2,800. Kotak's positive outlook on RIL is due to the conglomerate's telecom arm Reliance Jio which has extended its lead in the telecom sector. In its research note, Kotak said, "Rising competitive intensity (RJio’s aggressive family postpa...

Company Information Reliance Industries Limited is an India-based company, which operates in the Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services segments. The O2C segment includes refining, petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel and bulk wholesale marketing, and its assets comprises of refinery off-gas cracker, aromatics, gasification, multi-feed and gas crackers along with downstream manufacturing facilities, logistics and supply-chain infrastructure. The Oil and Gas segment includes exploration, development and production of crude oil and natural gas. The Retail segment includes consumer retail and a range of related services. The Digital Services segment includes provision of a range of digital services The Financial Services segment comprises of management and deployment of identified resources of the Company to various activities, including non-banking financial services and insurance broking.

Synopsis The S&P BSE Sensex increased by over 200 points, while the Nifty50 closed just under 18600 points on Monday. The India VIX was slightly up, leading to it creating swings within a smaller range. On the options front, a broader trading range in between 18300 to 18800 zones is suggested while immediate trading range falls between 18400 to 18700 zones, according to Chandan Taparia, the Analyst-Derivatives at Motilal Oswal Financial Services Limited. Stocks suggested by experts for a short-term trading horizon include BHEL, IndusInd Bank, and Titan Company, among others. India VIX was up by 0.16% from 11.12 to 11.13 levels on Monday. Volatility is marginally up but it has been cooling off which in turn is creating swings within a smaller range in the indices. On the options front, the weekly maximum Call OI is placed at 18600 and then towards 18700 strikes while the maximum Put OI is placed at 18500 and then towards 18600 strikes. Call writing is seen at 18700 then 18650 strikes while Put writing is seen at 18500 then 18400 strikes. “Now, the Nifty50 has to hold the support of 18580 zones to witness an up move towards 18750 and 18888 zones while on the downside support exists at 18480 and 18442 zones,” recommended Taparia. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Dharmesh Shah, Head – Technical, ICICI Securities told ETBureau Expert: Kunal Bothra, Market Expert told ETNow Mahindra & Mahindra: Buy| Target Rs...