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    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Indian shares close flat as financials offset energy gains

06/02/2021 | 06:37am EDT

BENGALURU, June 2 (Reuters) - Indian shares ended little changed for a second straight session on Wednesday as investors refrained from making big bets due to concerns over high valuations following a recent rally.

The blue-chip NSE Nifty 50 index rose 0.01% to 15,576.20 at close, while the benchmark S&P BSE Sensex slipped 0.16% to 51,849.48.

Both the indexes gained more than 6% last month as a steady decline in daily COVID-19 cases lifted investor sentiment.

However, concerns remain as several economists have warned about the impact of the second coronavirus wave on economic growth in the current quarter.

Dragging the Nifty 50 on Wednesday, cigarettes-to-hotels conglomerate ITC Ltd fell 3% after it warned that pandemic-driven restrictions could cause supply chain disruptions in the near future.

Losses in heavyweight financial and information technology stocks also weighed on the indexes, with top private-sector lender HDFC Bank and software services firm Infosys Ltd falling 0.5% and 0.6%, respectively.

Countering those declines, conglomerate Reliance Industries Ltd and Tata Steel Ltd gained 1.5% and 2.1%, respectively. Reliance shares have risen for six straight sessions.

Auto components maker Motherson Sumi Systems Ltd closed 13.4% higher after it reported an almost fourfold jump in March-quarter profit.

Globally, stock markets hovered near record highs as investors cheered evidence of a sustained rebound in global economies after strong factory data from the United States and Europe.

(Reporting by Rama Venkat in Bengaluru; Editing by Aditya Soni)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HDFC BANK LIMITED -0.57% 1434.55 End-of-day quote.-0.12%
INFOSYS LIMITED 0.85% 1603.9 Delayed Quote.26.65%
ITC LIMITED -0.59% 211.15 Delayed Quote.1.63%
MOTHERSON SUMI SYSTEMS LIMITED -2.12% 230.7 End-of-day quote.39.65%
NIFTY 50 -0.20% 15824.45 Delayed Quote.13.41%
RELIANCE INDUSTRIES LTD -1.37% 2076.85 Delayed Quote.6.06%
TATA STEEL LIMITED 1.26% 1298.1 End-of-day quote.101.71%
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Financials
Sales 2022 6 311 B 84 887 M 84 887 M
Net income 2022 562 B 7 561 M 7 561 M
Net cash 2022 89 647 M 1 206 M 1 206 M
P/E ratio 2022 24,4x
Yield 2022 0,40%
Capitalization 13 191 B 177 B 177 B
EV / Sales 2022 2,08x
EV / Sales 2023 1,72x
Nbr of Employees 236 334
Free-Float 53,5%
Chart RELIANCE INDUSTRIES LTD
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Reliance Industries Ltd Technical Analysis Chart | RELIANCE | INE002A01018 | MarketScreener
Technical analysis trends RELIANCE INDUSTRIES LTD
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 2 076,85 INR
Average target price 2 226,71 INR
Spread / Average Target 7,22%
EPS Revisions
Managers and Directors
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
K. Sethuraman Group Secretary & Chief Compliance Officer
Savithri Parekh Joint Secretary & Compliance Officer
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