INSUBCONTINENT EXCLUSIVE:
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
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
LLP as its auditoRs As on 30-09-2019, the company has a total of 6,339,123,229 shares outstanding.