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    Trending stocks: Reliance Industries shares rise nearly 1%

    Synopsis

    A total of 683,473 shares changed hands on the counter till 09:57AM (IST).

    The net profit for latest quarter stood at Rs 13233.0 crore, up 30.97 per cent from the corresponding quarter last year.
    NEW DELHI: Shares of Reliance Industries Ltd. traded 0.69 per cent up in Wednesday's trade at 09:57AM (IST). Around 683,473 shares changed hands on the counter.

    The scrip opened at Rs 2170.0 and touched an intraday high and low of Rs 2195.0 and Rs 2152.0, respectively, in the session so far. The stock 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 1470667.42 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net 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 price-to-earnings multiple of 34.62 and a price-to-book ratio of 2.99. 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