Reliance Industries Shares: Buy Reliance Industries, Target Price Rs 2630: Chandan Taparia | Techno Glob

Chandan of Motilal Oswa has a call to buy on Reliance Industries with a target price of Rs 2630. The current market price is Rs 2526. ., Incorporated in 1973, is a large capitalization company (having a market capitalization of Rs 1709191.58 Crore) operating in the diversified sector.

The main products/revenue segments of Reliance Industries Ltd. includes petrochemicals, oil and gas, financial services revenue, other services, other, and retail revenue for the year ending March 31, 2022.


For the quarter ended 30-09-2022, the company reported consolidated total revenue of Rs 236,377.00 Crore, up 4.89% from last quarter, total revenue of Rs 225,360.00 Crore and up up 32.55% from the same quarter last year, total revenue of Rs 178,328.00 Crore. The company reported a net profit after tax of Rs 15,587.00 Crore in the last quarter.

Investment rationale
Achieved the weekly frame and traversing its obstacle areas

Promoter/Fii Holdings
The promoters held 50.57% of the company’s capital as of September 30, 2022, while the FIIs held 26.3% and the DIIs 14.85%.

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