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Buy Reliance, target price Rs 1,540: Chandan Taparia

Chandan Taparia recommended to keep stoploss at Rs 1435.

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Last Updated: Nov 18, 2019, 09.14 AM IST|Original: Nov 18, 2019, 09.05 AM IST
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Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 931412.63 Crore) operating in Diversified sector.
Chandan Taparia of Motilal Oswal Securities has buy call on Reliance Industries Ltd. with a target price of Rs 1540.0 . The current market price of Reliance Industries Ltd. is Rs 1469.3 Chandan Taparia recommended to keep stoploss at Rs 1435
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 931412.63 Crore) operating in Diversified sector.

Reliance Industries Ltd. key Products/Revenue Segments include Refinery which contributed Rs 246036.00 Crore to Sales Value (63.92 % of Total Sales), Petrochemicals which contributed Rs 135516.00 Crore to Sales Value (35.20 % of Total Sales), Oil & Gas which contributed Rs 1992.00 Crore to Sales Value (0.51 % of Total Sales), Other Services which contributed Rs 789.00 Crore to Sales Value (0.20 % of Total Sales), Others which contributed Rs 571.00 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 148526.00 Crore, down -5.38 % from last quarter Sales of Rs 156976.00 Crore and up 3.63 % from last year same quarter Sales of Rs 143323.00 Crore Company has reported net profit after tax of Rs 11298.00 Crore in latest quarter. The company’s top management includes Dr.Raghunath A Mashelkar, Dr.Shumeet Banerji, Mr.Adil Zainulbhai, Mr.Hital R Meswani, Mr.K V Chowdary, Mr.Mukesh D Ambani, Mr.Nikhil R Meswani, Mr.P M S Prasad, Mr.Pawan Kumar Kapil, Mr.Raminder Singh Gujral, Mr.Yogendra P Trivedi, Mrs.Arundhati Bhattacharya, Mrs.Nita M Ambani, Prof.Dipak C Jain. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 6,339,123,229 shares outstanding.

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