Trending stocks: RIL up 3% as Vista buys stake in Jio

NEW DELHI: Shares of Reliance Industries traded 2.61 per cent up in Friday 's trade at 09:20AM (IST). Around 78902 shares changed hands on the counter.

The counter opened at Rs 1550.0 and touched an intraday high and low of Rs 1550.0 and Rs 1538.0 , 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 .

Market cap of the company stood at Rs 982576.55 crore on May 08.

The company announced a third investment in Jio Platforms in three weeks as global investment firm Vista Equity Partners pumped in Rs 11,367 crore for a 2.32 per cent equity stake.

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.

Bottomline for the latest quarter stood at Rs 6348.0 crore, down -38.74 per cent from the same quarter a year ago .

Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 2.69 per cent stake in the company , 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 24.97 and a price-to-book ratio of 2.13 . 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.