RIL Share Price: In terms of value, the boom phase has started for Reliance Industries, the country’s largest company. Reliance shares are likely to cross 2900 levels in the coming months. JM Financial has a buy rating on Reliance shares and a buy recommendation. At present, the share price of Reliance is running around 2482. That is, in the near future, investors can make a profit of Rs 400 to 500 per share in Reliance.
Established in 1973, Reliance Industries is one of the largest companies in India. This company is active in sectors ranging from telecom to oil-gas and has a market capital of 1690204.12 crores. Reliance’s main product and revenue segments include petrochemicals, petrol and gas, income from financial services and other services. Reliance plans to expand in a big way in the future in business including telecom, retail.
Its promoters hold 50.41 per cent stake in Reliance Industries while FIIs hold 22.49 per cent and DIIs hold 15.99 per cent. For the quarter ended March 31, 2023, the company reported a consolidated revenue of Rs 219,294 crore. Which was 1.99 percent less than the income of 223,739 crores in the previous quarter. In the latest quarter, the company reported a profit after tax of 21,296 crores.
Reliance Ind. The shares hit a 52-week high of Rs. 2803 and 52 week low of Rs. 2180 Reliance shares have declined 8.56 per cent in the last one year, while the stock has lost 3.65 per cent since January. Reliance shares have declined 5 per cent in the last six months. While this stock has declined by 0.58 per cent in the last one month. A year ago, if Rs 1 lakh was blocked in Reliance Industries shares, today its value would have come down to Rs 92,000. Had Rs 1 lakh been invested in this stock in January 2023, its value would have come down to Rs 96,000. JM Financial believes that Reliance Ind. Worries about the debt have gone beyond limits. Reliance’s debt will peak in FY2024 and then decline.
