Reliance told stock exchanges that the company could not comment on speculation.
Reliance said to the stock exchanges that we cannot speak about media speculations and it would not be appropriate to comment on media speculations.
According to Reliance, the company evaluates different opportunities.In addition, there is nothing that is not disclosed to exchanges.
What Was The Story?
Media reports claimed Disney and Reliance have signed a legally binding agreement to combine their operations as media companies in India.
According to reports, Reliance’s media division and its associated companies are expected to hold a minimum 61 percent stake in the merged entity.
Meanwhile, Disney will retain the remaining stake. The report claimed that the deal could be announced this week.
However, now Reliance has rejected these reports.
Share Status
On Tuesday, the second trading day of the week, shares of Reliance Industries reached a new high of Rs 3000.
The share price rose by 0.50 percent during trading. After this, the share price reached the level of Rs 3000. It is also the 52-week highest level of the stock.
What Was The Broker Tell?
Reliance Industries shares have given positive returns against BSE Sensex in different periods. Recently, a brokerage had set a target of Rs 3400 on Reliance shares.
The brokerage has raised FY25 and FY26 EPS outlooks by 4% and 5% respectively.
About Reliance Industries Limited
Reliance Industries Ltd. engages in the exploration and production of hydrocarbon refineries of petroleum, marketing and retail, petrochemicals and telecommuting.
The Refining segment is comprised of the manufacturing and marketing operations for petroleum products.
The Petrochemicals segment is manufacturing and marketing processes of petrochemical products.
The company was established in 1966 by Dhirubhai Hirachand Ambani in the year 1966 and is located in Mumbai, India.
Fundamental Analysis of Reliance Industries Limited
| Market Cap | ₹ 20,10,491 Cr. |
| Current Price | ₹ 2,971 |
| 52-wk High | ₹ 3,000 |
| 52-wk Low | ₹ 2,000 |
| Stock P/E | 28.8 |
| Book Value | ₹ 1,110 |
| Dividend | 0.30 % |
| ROCE | 9.14 % |
| ROE | 8.94 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.68 |
| OPM | 18.0 % |
| EPS | ₹ 103 |
| Debt | ₹ 3,16,697 Cr. |
| Debt to Equity | 0.42 |
Reliance Industries Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 2800 | ₹ 3100 |
| 2025 | ₹ 3160 | ₹ 3400 |
| 2026 | ₹ 3500 | ₹ 3860 |
| 2027 | ₹ 4000 | ₹ 4612 |
| 2028 | ₹ 5000 | ₹ 5900 |
| 2029 | ₹ 6300 | ₹ 6700 |
| 2030 | ₹ 7150 | ₹ 8400 |
Reliance Industries Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 50.49% |
| Mar 2023 | 50.41% |
| June 2023 | 50.39% |
| Sept 2023 | 50.27% |
| Dec 2023 | 50.30% |
| FII Holding | |
| Dec 2022 | 23.48% |
| Mar 2023 | 22.49% |
| June 2023 | 22.55% |
| Sept 2023 | 22.60% |
| Dec 2023 | 22.13% |
| DII Holding | |
| Dec 2022 | 15.26% |
| Mar 2023 | 16.06% |
| June 2023 | 16.13% |
| Sept 2023 | 15.99% |
| Dec 2023 | 16.59% |
| Govt. Holding | |
| Dec 2022 | 0.16% |
| Mar 2023 | 0.16% |
| June 2023 | 0.17% |
| Sept 2023 | 0.17% |
| Dec 2023 | 0.18% |
| Public Holding | |
| Dec 2022 | 10.59% |
| Mar 2023 | 10.89% |
| June 2023 | 10.76% |
| Sept 2023 | 10.98% |
| Dec 2023 | 10.80% |
Reliance Industries Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 568,337 Cr |
| 2020 | ₹ 596,679 Cr |
| 2021 | ₹ 466,307 Cr |
| 2022 | ₹ 698,672 Cr |
| 2023 | ₹ 877,365 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 39,837 Cr |
| 2020 | ₹ 39,880 Cr |
| 2021 | ₹ 53,739 Cr |
| 2022 | ₹ 67,845 Cr |
| 2023 | ₹ 79,104 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.7 |
| 2020 | 0.65 |
| 2021 | 0.32 |
| 2022 | 0.34 |
| 2023 | 0.44 |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 16% |
| Current Year: | 10% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 9% |
Last 10 Years’ Sales Growth:
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| Current Year: | 1% |
Conclusion
This article is a complete guide about Reliance Industries Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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