/Trending stocks: Reliance Industries shares trade flat in early session

Trending stocks: Reliance Industries shares trade flat in early session

NEW DELHI: Shares of Reliance Industries Ltd. traded 0.04 per cent down in Thursday’s trade at 09:37AM (IST). Around 54473 shares changed hands on the counter. The stock opened at Rs 2133.5 and touched an intraday high and low of Rs 2139.0 and Rs 2120.2, respectively, in the session so far.

The stock quoted a 52-week high of Rs 2192.1 and a 52-week low of Rs 875.65.

RIL is engaged in an early-stage exercise to evaluate the possibility of investing in TikTok’s India operations, according to at least six people aware of the matter. The development comes even as the clock is ticking on Microsoft’s fast-tracked negotiations to buy large swathes of the Chinese short-video platform’s global operations ahead of the September 15 deadline set by the Donald Trump administration.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1438650.09 Crore) operating in Diversified sector.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 88253.00 Crore, down -35.22 % from last quarter Sales of Rs 136240.00 Crore and down -43.78 % from last year same quarter Sales of Rs 156976.00 Crore Company has reported net profit after tax of Rs 12926.00 Crore in latest quarter.

Reliance Industries Ltd. key Products/Revenue Segments include Refinery which contributed Rs 246036.00 Crore to Sales Value (63.92 % of Total Sales), Petrochemicals which contributed Rs 135516.00 Crore to Sales Value (35.20 % of Total Sales), Oil & Gas which contributed Rs 1992.00 Crore to Sales Value (0.51 % of Total Sales), Others which contributed Rs 571.00 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 49.15 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 34.0 and price to book value of 2.93.

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