ICICI Securities has buy call on Reliance Industries with a target price of Rs 2375. The current market price of Reliance Industries is Rs 2245.3. Time period given by analyst is Intra Day when Reliance Industries Ltd. price can reach defined target.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1518016.83 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 158133.00 Crore, up 23.11 % from last quarter Total Income of Rs 128450.00 Crore and up 12.65 % from last year same quarter Total Income of Rs 140373.00 Crore. Company reported net profit after tax of Rs 14981.00 Crore in latest quarter.
Investment Rationale
Resolute breakout above last three months range (2231-1877) as strong buying demand emerged at the 52 weeks EMA.
Promoter/FII Holdings
Promoters held 50.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 27.4 per cent, DIIs 10.7 per cent and public and others 11.4 per cent.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1518016.83 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 158133.00 Crore, up 23.11 % from last quarter Total Income of Rs 128450.00 Crore and up 12.65 % from last year same quarter Total Income of Rs 140373.00 Crore. Company reported net profit after tax of Rs 14981.00 Crore in latest quarter.
Did you Know?
Stock score of Reliance Industries Ltd moved up by 1 in a week.
View Latest Stock Report »Investment Rationale
Resolute breakout above last three months range (2231-1877) as strong buying demand emerged at the 52 weeks EMA.
Promoter/FII Holdings
Promoters held 50.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 27.4 per cent, DIIs 10.7 per cent and public and others 11.4 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
