The stock opened at Rs 2319 and touched an intraday high and low of Rs 2334.4 and Rs 2300.9, respectively, in the session so far. The stock of Reliance Industries Ltd. quoted a 52-week high of Rs 2368.8 and a 52-week low of Rs 867.11.
Total market cap of the Reliance Industries Ltd. stood at Rs 1561884.71 crore at the time of writing this report.
The company reported consolidated sales of Rs 88253 crore for the quarter ended 30-Jun-2020, down 35.22 per cent from previous quarter’s Rs 136240 crore and down 43.78 per cent from the year-ago quarter’s Rs 156976 crore.
The net profit for latest quarter stood at Rs 13233 crore, up 30.97 per cent from the same quarter a year ago.
As of 30-Jun-2020, DIIs held 5.31 per cent stake in the firm, while foreign institutional investors held 24.12 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a P/E multiple of 36.76 and a price-to-book ratio of 1.56. 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.