RELIANCE IND. Plunges by 11%; BSE OIL & GAS Index Down 11.3%
March 13, 2020 09:49 AM

RELIANCE IND. share price has plunged 11% and is presently trading at Rs 1,005.

Meanwhile, the BSE OIL & GAS Index is at 9,907 (down 11.3%).

Among the top losers in the BSE OIL & GAS Index today are RELIANCE IND. (down 10.7%) and BPCL (down 15.0%).

Over the last one year, RELIANCE IND. has moved down from Rs 1,330 to Rs 1,005, registering a loss of Rs 325 (down 24.4%)..

The BSE OIL & GAS has moved down from 14,798 to 9,907, loss of 4,891 points (down 33.1%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 20.5%).

What About the Benchmark Indices?

The BSE Sensex is at 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

RELIANCE IND. Financial Update...

RELIANCE IND. net profit stood at Rs 118 billion for the quarter ended December 2019, compared to a profit of Rs 104 billion a year ago. Net Sales declined 2.2% to Rs 1568.0 billion during the period as against Rs 1603.0 billion in October-December 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 13.8x.