RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 1.1%

Wed, 20 Nov 09:20 AM

RELIANCE IND. share price has hit an all-time high at Rs 1,554 (up 2.9%).

Meanwhile, the BSE OIL & GAS Index is at 15,416 (up 1.1%).

Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 2.9%) and BPCL (up 2.1%).

ONGC (down 0.1%) and PETRONET LNG (down 0.4%) are among the top losers today.

Over the last one year, RELIANCE IND. has moved up from Rs 1,150 to Rs 1,554, registering a gain of Rs 405 (up 35.2%).

The BSE OIL & GAS has moved up from 13,600 to 15,416, registering a gain of 1,816 points (up 13.3%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were BPCL (up 64.3%), INDRAPRASTHA GAS (up 57.3%) and RELIANCE IND. (up 35.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,736 (up 0.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 2.9%), BHARTI AIRTEL (up 1.8%) and COAL INDIA (up 1.7%). Other gainers include INDUSIND BANK (up 1.4%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and MARUTI SUZUKI.

In the meantime, NSE Nifty is at 12,005 (up 0.5%). The top gainers in the NSE Nifty include RELIANCE IND. (up 3.0%), BHARTI INFRATEL (up 2.6%) and BHARTI AIRTEL (up 2.0%). Other gainers include BPCL (up 1.9%) and ZEE ENTERTAINMENT (up 1.5%).

Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,736, registering a gain of 4,961 points (up 13.5%).

RELIANCE IND. Financial Update...

RELIANCE IND. net profit stood at Rs 113 billion for the quarter ended September 2019, compared to a profit of Rs 104 billion a year ago. Net Sales declined 5.1% to Rs 1521.5 billion during the period as against Rs 1603.0 billion in July-September 2018.

For the year ended March 2019, RELIANCE IND. reported 10.3% increase in net profit to Rs 397.3 billion compared to net profit of Rs 360.2 billion during FY18.

Revenue of the company grew 42.4% to Rs 5,855 billion during FY19.

The current Price to earnings ratio of RELIANCE IND., based on rolling 12 month earnings, stands at 23.4x.

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