RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.7%
July 13, 2020 09:28 AM

RELIANCE IND. share price has hit an all-time high at Rs 1,918 (up 1.9%).

Meanwhile, the BSE OIL & GAS Index is at 12,939 (up 0.7%).

Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 1.9%) and INDRAPRASTHA GAS (up 0.5%).

BPCL (down 0.1%) and OIL INDIA (down 0.2%) are among the top losers today.

Over the last one year, RELIANCE IND. has moved up from Rs 1,266 to Rs 1,918, registering a gain of Rs 651 (up 51.1%).

The BSE OIL & GAS has moved down from 14,105 to 12,939, loss of 1,166 points (down 8.6%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 51.1%), INDRAPRASTHA GAS (up 34.6%) and PETRONET LNG (up 8.3%).

What About the Benchmark Indices?

The BSE Sensex is at 36,963 (up 0.9%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.1%), RELIANCE IND. (up 1.9%) and INDUSIND BANK (up 1.5%). Other gainers include TECH MAHINDRA (up 1.5%) and TATA STEEL (up 1.4%). The most traded stocks in the BSE Sensex are SBI and RELIANCE IND..

In the meantime, NSE Nifty is at 10,875 (up 0.9%). The top gainers in the NSE Nifty include TATA MOTORS (up 3.6%), JSW STEEL (up 2.7%) and HINDALCO (up 2.6%). Other gainers include VEDANTA LTD (up 2.1%) and TATA STEEL (up 2.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,557 to 36,963, registering a loss of -1,594 points (up -4.2%).

RELIANCE IND. Financial Update...

RELIANCE IND. net profit down at Rs 66 billion for the quarter ended March 2020, compared to a loss of Rs 118 billion a year ago. Net Sales declined 11.2% to Rs 1392.8 billion during the period as against Rs 1568.0 billion in January-March 2019.

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 30.5x.