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    Trending stocks: Reliance Industries shares gain nearly 1%

    Synopsis

    A total of 294,346 shares changed hands on the counter till 09:49AM (IST).

    Total market cap of the Reliance Industries Ltd. stood at Rs 1434119.65 crore at the time of writing this report.
    NEW DELHI: Shares of Reliance Industries Ltd. traded 0.45 per cent up in Thursday's trade at 09:49AM (IST). Around 294,346 shares changed hands on the counter.

    The counter opened at Rs 2160.0 and touched an intraday high and low of Rs 2160.0 and Rs 2106.95, respectively, in the session so far. Shares of the company of Reliance Industries Ltd. quoted a 52-week high of Rs 2198.7 and a 52-week low of Rs 867.11.

    Total market cap of the Reliance Industries Ltd. stood at Rs 1434119.65 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 88253.0 crore for the quarter ended 30-Jun-2020, down 35.22 per cent from previous quarter's Rs 136240.0 crore and down 43.78 per cent from the year-ago quarter's Rs 156976.0 crore.

    The net profit for latest quarter stood at Rs 13233.0 crore, up 30.97 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2020, domestic institutional investors held 5.31 per cent stake in the firm, 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 P/E multiple of 33.76 and a price-to-book ratio of 2.91. 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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    The Economic Times