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    Stock market news: RIL shares gain over 1%

    Synopsis

    A total of 126,369 shares changed hands on the counter till 11:33AM (IST).

    Agencies
    Shares of Reliance Industries quoted a 52-week high of Rs 2368.8 and a 52-week low of Rs 867.11.

    Related Companies

    NSE
    BSE

    PEER COMPANIES

    NEW DELHI: Shares of Reliance Industries Ltd. traded 1.4 per cent up in Tuesday's trade at 11:33AM (IST). Around 126,369 shares changed hands on the counter.

    The scrip opened at Rs 2222 and touched an intraday high and low of Rs 2253.15 and Rs 2217.15, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 2368.8 and a 52-week low of Rs 867.11.

    Total market cap of the Reliance Industries Ltd. stood at Rs 1516107.02 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 88253 crore for the quarter ended 30-Jun-2020, down 35.22 per cent from previous quarter's Rs 136240 crore and down 43.78 per cent from the year-ago quarter's Rs 156976 crore.

    The net profit for latest quarter stood at Rs 13233 crore, up 30.97 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Jun-2020, domestic institutional investors held 5.31 per cent stake in the company, while foreign institutional investors held 24.12 per cent and the promoters 49.15 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 35.69 and a price-to-book ratio of 1.56. 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.
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