NEW DELHI: Shares of Reliance Industries Ltd. traded 1.18 per cent up in Wednesday 's trade at 10:13AM (IST). Around 190706 shares changed hands on the counter.

The scrip opened at Rs 1462.0 and touched an intraday high and low of Rs 1481.6 and Rs 1460.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 1617.8 and a 52-week low of Rs 875.7 .

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 926176.68 Crore) operating in Diversified sector.

Reliance Jio Infocomm’s parent Jio Platforms could potentially offload another 8% stake to strategic financial investors on the heels of recent deals with US private equity (PE) firm Silver Lake and social media giant Facebook, analysts said.

Key Financials
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 after tax for the latest quarter stood at Rs 6348.0 crore, down -38.74 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 5.13 per cent stake in the firm , while foreign institutional investors held 23.95 per cent and the promoters 48.87 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 23.83 and a price-to-book ratio of 2.03 . 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.