RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.4%
May 2, 2019 10:34 AM

RELIANCE IND. share price has hit an all-time high at Rs 1,413 (up 1.5%).

Meanwhile, the BSE OIL & GAS Index is at 15,416 (up 0.4%).

Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 1.5%) and BPCL (up 0.7%).

PETRONET LNG (down 0.2%) and CASTROL INDIA (down 0.4%) are among the top losers today.

Over the last one year, RELIANCE IND. has moved up from Rs 963 to Rs 1,413, registering a gain of Rs 450 (up 46.7%).

The BSE OIL & GAS has moved up from 14,430 to 15,416, registering a gain of 986 points (up 6.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 46.7%), INDRAPRASTHA GAS (up 9.0%) and GAIL (up 8.6%).

What About the Benchmark Indices?

The BSE Sensex is at 39,184 (up 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.3%), BHARTI AIRTEL (up 2.6%) and BAJAJ FINANCE (up 1.7%). Other gainers include RELIANCE IND. (up 1.5%) and HERO MOTOCORP (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and ITC.

In the meantime, NSE Nifty is at 11,785 (up 0.3%). The top gainers in the NSE Nifty include YES BANK (up 4.2%), BHARTI INFRATEL (up 2.8%) and BHARTI AIRTEL (up 2.3%). Other gainers include BAJAJ FINANCE (up 1.6%) and INDIABULLS HOU. FIN. (up 1.6%).

Over the last 12 months, the BSE Sensex has moved up from 35,160 to 39,184, registering a gain of 4,024 points (up 11.4%).

RELIANCE IND. Financial Update...

RELIANCE IND. net profit stood at Rs 104 billion for the quarter ended March 2019, compared to a profit of Rs 104 billion a year ago. Net Sales declined 11.6% to Rs 1416.3 billion during the period as against Rs 1603.0 billion in January-March 2018.

For the year ended March 2018, RELIANCE IND. reported 20.3% increase in net profit to Rs 360.2 billion compared to net profit of Rs 299.4 billion during FY17.

Revenue of the company grew 29.0% to Rs 4,111 billion during FY18.

The current Price to earnings ratio of RELIANCE IND., based on rolling 12 month earnings, stands at 21.1x.