AgenciesPrabhudas Lilladher has buy call on . with a target price of Rs 3165. The current market price of Reliance Industries Ltd. is Rs 2546. Time period given by analyst is one year 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 1719915.68 Crore) operating in Diversified sector.
Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Income From Financial Services, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 225360.00 Crore, up 5.14 % from last quarter Total Income of Rs 214344.00 Crore and up 51.66 % from last year same quarter Total Income of Rs 148591.00 Crore. Company reported net profit after tax of Rs 19508.00 Crore in latest quarter.
Investment Rationale
Jio’s growth prospects look promising led by subscriber addition post churn and regular tariff hikes. The brokerage leaves Jio estimates unchanged and will review them post 5G launch. Reiterate ‘BUY’ at TP of Rs3165. is preferred pick given dominant position across business verticals.
Promoter/FII Holdings
Promoters held 151.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 78.9 per cent, DIIs 37.32 per cent.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1719915.68 Crore) operating in Diversified sector.
Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Income From Financial Services, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 225360.00 Crore, up 5.14 % from last quarter Total Income of Rs 214344.00 Crore and up 51.66 % from last year same quarter Total Income of Rs 148591.00 Crore. Company reported net profit after tax of Rs 19508.00 Crore in latest quarter.
Investment Rationale
Jio’s growth prospects look promising led by subscriber addition post churn and regular tariff hikes. The brokerage leaves Jio estimates unchanged and will review them post 5G launch. Reiterate ‘BUY’ at TP of Rs3165. is preferred pick given dominant position across business verticals.
Promoter/FII Holdings
Promoters held 151.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 78.9 per cent, DIIs 37.32 per cent.
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