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Stock Analysis, IPO, Mutual Funds, Bonds & More

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.

ETMarkets.com|
Updated: Sep 26, 2019, 09.12 AM IST
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Independent analyst Kunal Bothra has a buy call on Reliance Industries Ltd. with a target price of Rs 1320. The current market price of Reliance Industries Ltd. is Rs 1279.8. Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach defined the target. Kunal Bothra recommended to keep stoploss at Rs 1260. Reliance Industries Ltd., incorporated in 1973, has a market cap of Rs 811280.99 crore.
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.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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