The counter opened at Rs 2172.0 and touched an intraday high and low of Rs 2172.0 and Rs 2134.0, 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 1472222.65 crore at the time of writing this report.
Reliance Industries announced the acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business. Through the deal, Reliance will acquire Future Retail that owns the BigBazaar that sells everything from groceries to cosmetics and apparel, and Future Lifestyle Fashions that operates fashion discount chain Brand Factory.
The company reported consolidated 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.
As of 30-Jun-2020, domestic institutional investors held 5.31 per cent stake in the company, while foreign institutional investors held 24.12 per cent and the promoters 49.15 per cent.
According to BSE data, the stock traded at a P/E multiple of 34.65 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.