Reliance Industries Limited engages in hydrocarbon exploration and production, oil and chemicals, textile, retail, digital, material and composites, renewables, and financial services businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company produces and markets petroleum products, such as liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosene oil, diesel, sulphur, and petroleum co*ke. It also provides petrochemicals, including high-density and low-density polyethylene (PE), linear low-density PE, polyester fibers and yarns, polypropylene, polyvinyl chloride, purified terephthalic acid, ethylene glycols and oxide, paraxylene, ortho xylene, benzene, linear alkyl benzene and paraffin, poly butadiene rubber, styrene butadiene rubber, butyl rubber, and polyethylene terephthalate. In addition, the company manufactures and markets yarns, fabrics, apparel, and auto furnishings; explores, develops, and produces crude oil and natural gas; and operates various stores comprising neighborhood, supermarket, hypermarket, wholesale cash and carry, specialty, online stores, as well as stores that offer apparel, beauty and cosmetics, accessories, footwear, consumer electronics, connectivity products, and others. Further, the company provides range of digital television, gaming, broadband, and telecommunication services under the Jio brand name; and non-banking financial and insurance broking services. Additionally, it operates news and entertainment platforms, and Network18 and television channels; publishes magazines; and offers highway hospitality and fleet management services. The company was founded in 1957 and is based in Mumbai, India.
Intrinsic Value. The intrinsic value of one RELIANCE stock under the Base Case scenario is 2 934.39 INR. Compared to the current market price of 3 025 INR, Reliance Industries Ltd is Overvalued by 3%.
Experts say the business growth plans of Reliance Industries will augur well for the stock. Addressing the company's 47th annual general meeting (AGM) on August 29, Reliance Industries Chairman Mukesh Ambani said the company intends to double its value by the time it completes 50 years of functioning in 2027.
The number of shares of RIL are approx. 644.51 crore (6.44 billion). The promoter group, the Ambani family, holds 50.39% of the total shares whereas the remaining 49.61% shares are held by public shareholders, including FII and corporate bodies.
The whole retail sector has seen weakness in discretionary categories, it said as it rolled over its estimates to September 2025 and suggested a target of Rs 3,335 per share. Emkay has raised Jio's multiple to 12 times EV/Ebitda from 11 times.
According to analytical forecasts, the price of RELIANCE may reach ₹3,347.99 by the end of 2024, and it is expected to be ₹4,606.22 by the end of 2029. Based on technical analysis indicators, the recommendation for the D1 (one-day) timeframe is Neutral, and for the W1 (one-week) timeframe - Strong Buy.
India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital. The board recommended an increase in authorized share capital to Rs 50,000 crore ($5.96 billion) from 15,000 crore.
According to analysts, RELIANCE price target is 3,310.86 INR with a max estimate of 3,786.00 INR and a min estimate of 2,600.00 INR. Check if this forecast comes true in a year, meanwhile watch RELIANCE INDUSTRIES LTD stock price chart and keep track of the current situation with RELIANCE news and stock market news.
For the year ending March 2024 Reliance Industries has declared an equity dividend of 100.00% amounting to Rs 10 per share. At the current share price of Rs 3024.00 this results in a dividend yield of 0.33%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
Mukesh Ambani (born April 19, 1957, Aden, Yemen) is an Indian business mogul who serves as chairman and managing director of the Indian conglomerate Reliance Industries Limited (RIL), a multinational conglomerate with businesses across sectors such as petrochemicals, energy, textiles, retail, and telecommunications.
Is Reliance Industries Ltd undervalued or overvalued? The key valuation ratios of Reliance Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
Overall, Kotak Institutional Equities sees Reliance Industries' fair value rating at Rs 3,200 per share. "We are optimistic on the earnings outlook and estimate ~13 percent earnings CAGR over FY24-27," it said.
The intrinsic value of one JIOFIN stock under the Base Case scenario is 128.36 INR. Compared to the current market price of 345.35 INR, Jio Financial Services Ltd is Overvalued by 63%.
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