RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.6%

November 26, 2019 09:24 AM

RELIANCE IND. share price has hit an all-time high at Rs 1,576 (up 0.9%).

Meanwhile, the BSE OIL & GAS Index is at 15,232 (up 0.6%).

Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 0.9%) and BPCL (up 0.5%).

OIL INDIA and IOC are among the top losers today.

Over the last one year, RELIANCE IND. has moved up from Rs 1,110 to Rs 1,576, registering a gain of Rs 466 (up 41.9%).

The BSE OIL & GAS has moved up from 13,392 to 15,232, registering a gain of 1,840 points (up 13.6%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were BPCL (up 56.3%), INDRAPRASTHA GAS (up 51.8%) and RELIANCE IND. (up 41.9%).

What About the Benchmark Indices?

The BSE Sensex is at 41,091 (up 0.5%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.7%), TATA STEEL (up 1.6%) and ICICI BANK (up 1.2%). Other gainers include INFOSYS (up 1.1%) and SUN PHARMA (up 1.0%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 12,128 (up 0.4%). The top gainers in the NSE Nifty include TATA STEEL (up 1.8%), HINDALCO (up 1.6%) and ICICI BANK (up 1.5%). Other gainers include SUN PHARMA (up 1.4%) and INFOSYS (up 0.9%).

Over the last 12 months, the BSE Sensex has moved up from 35,354 to 41,091, registering a gain of 5,737 points (up 16.2%).

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 23.7x.