Shubham Aggarwal of Quantsapp Advisory has a buy call on Reliance Industries Ltd. with a target price of Rs 1640. The current price of Reliance Industries Ltd. is Rs 1606. Shubham Aggarwal recommended to keep a stop loss at Rs 1590.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1017537.25 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 per cent of Total Sales), Petrochemicals which contributed Rs 135516 Crore to Sales Value (35.20 per cent of Total Sales), Oil & Gas which contributed Rs 1992 Crore to Sales Value (0.51 per cent of Total Sales), Other Services which contributed Rs 789 Crore to Sales Value (0.20 per cent of Total Sales), Others which contributed Rs 571 Crore to Sales Value (0.14 per cent 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 Crore, down 5.38 per cent from last quarter Sales of Rs 156976 Crore and up 3.63 per cent from last year same quarter Sales of Rs 143323 Crore. Company has reported net profit after tax of Rs 11298 Crore in latest quarter.
Source: Economic Times