Buy Reliance Industries, target Rs 1,320: Kunal Bothra
Buy Reliance Industries Ltd. at a price target of Rs 1320.0 and a stoploss at Rs 1260 from entry point.
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 30-06-2019, the company has reported a Consolidated sales of Rs 156976.00 Crore, up 13.21 % from last quarter Sales of Rs 138659.00 Crore and up 21.92 % from last year same quarter Sales of Rs 128756.00 Crore Company has reported net profit after tax of Rs 10116.00 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.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 30-06-2019, the company has a total of 6,339,038,430 shares outstanding.