Hold Reliance Industries, target price Rs 2685: ICICI Direct

Hold Reliance Industries, target price Rs 2685: ICICI Direct
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Synopsis

Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Oil & Gas, Income From Financial Services, Other Services, Others and Income from Retailing for the year ending 31-Mar-2022.

Promoters held 50.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.3 per cent, DIIs 12.44 per cent.
ICICI Direct has hold call on Reliance Industries with a target price of Rs 2685. The current market price of is Rs 2354.25.

., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1578134.27 Crore) operating in Diversified sector.

Reliance Industries Ltd. key Products/Revenue Segments include Petrochemicals, Oil & Gas, Income From Financial Services, Other Services, Others and Income from Retailing for the year ending 31-Mar-2022.


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.



Promoter/FII Holdings
Promoters held 50.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.3 per cent, DIIs 12.44 per cent.
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