RELIANCE IND. Surges by 6%; BSE OIL & GAS Index Up 5.9%
March 13, 2020 03:34 PM

RELIANCE IND. share price has zoomed 6% and is presently trading at Rs 1,140.

Meanwhile, the BSE OIL & GAS Index is at 10,969 (up 5.9%).

Among the top Gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 5.7%) and INDRAPRASTHA GAS (up 6.2%).

CASTROL INDIA (down 2.8%) is among the top loser today.

Over the last one year, RELIANCE IND. has moved down from Rs 1,330 to Rs 1,140, registering a loss of Rs 190 (down 15.6%).

On the other hand, the BSE OIL & GAS has moved down from 14,798 to 10,969, loss of 3,829 points (down 26.5%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 38.7%).

What About the Benchmark Indices?

The BSE Sensex is at 34,769 (up 4.6%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 15.3%), SBI (up 14.8%) and HDFC (up 10.1%). Other gainers include SUN PHARMA (up 8.8%) and ONGC (up 6.5%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 10,159 (up 4.5%). SBI (up 14.9%) and TATA STEEL (up 14.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 34,769, registering a loss of 2,767 points (down 8.65%).

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 16.3x.