AgenciesChandan of Motilal Oswa has buy call on Reliance Industries with a target price of Rs 2630. The current market price of is Rs 2526.
., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1709191.58 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 30-09-2022, the company reported a Consolidated Total Income of Rs 236377.00 Crore, up 4.89 % from last quarter Total Income of Rs 225360.00 Crore and up 32.55 % from last year same quarter Total Income of Rs 178328.00 Crore. Company reported net profit after tax of Rs 15587.00 Crore in latest quarter.
Investment Rationale
Bottomed out on weekly frame and crossing its hurdle zones
Promoter/FII Holdings
Promoters held 50.57 per cent stake in the company as of 30-Sep-2022, while FIIs owned 26.3 per cent, DIIs 14.85 per cent.
., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1709191.58 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 30-09-2022, the company reported a Consolidated Total Income of Rs 236377.00 Crore, up 4.89 % from last quarter Total Income of Rs 225360.00 Crore and up 32.55 % from last year same quarter Total Income of Rs 178328.00 Crore. Company reported net profit after tax of Rs 15587.00 Crore in latest quarter.
Investment Rationale
Bottomed out on weekly frame and crossing its hurdle zones
Promoter/FII Holdings
Promoters held 50.57 per cent stake in the company as of 30-Sep-2022, while FIIs owned 26.3 per cent, DIIs 14.85 per cent.
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