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Sell Reliance Industries, target Rs 1,380: Abhijit Pathak

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Abhijit Pathak of Definedge Solutions has a sell call on Reliance Industries Ltd.

with a target price of Rs 1380.

The current market price of Reliance Industries Ltd.

is Rs 1416.9.

Time period given by the analyst is Intra Day when Reliance Industries Ltd.

price can reach the defined target.

Abhijit Pathak recommended to keep stoploss at Rs 1435.

Reliance Industries Ltd., incorporated in 1973, has a market cap of Rs 896513.86 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 30-09-2019, 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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Category: Stock Market


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