Reliance Industries rose 2.97% to Rs 2264.30 at 15.23 IST on BSE ahead
of its annual general meeting on Thursday, 12 June 2008.
From a recent low of Rs 2163.10 on 9 June 2008, the stock has risen
4.67% to current Rs 2264.30.
Meanwhile, the BSE Sensex was up 307.88 points, or 2.08%, at 15199.69,
on positive cues from Asian markets and on further fall in crude oil
prices.
On BSE, 14.04 lakh shares were traded in the Reliance Industries (RIL)
counter today. The scrip had an average daily volume of 9.34 lakh
shares in the past one quarter.
The stock hit a high of Rs 2266.40 and a low of Rs 2200 so far during
the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008
and a 52-week low of Rs 1662 on 12 June 2007.
The scrip had underperformed the market over the past one month till
10 June 2008, falling 13.90% compared to the Sensex's 11.69% decline.
It had, however, outperformed the market in the past one quarter,
falling 7.44% compared to Sensex's 7.68% fall.
India's largest private sector firm by market capitalization and oil
refiner has an equity capital of Rs 1453.65 crore. Face value per
share is Rs 10.
The current price of Rs 2264.30 discounts its Q4 March 2008 annualised
EPS of Rs 107.62, by a PE multiple of 21.03.
Reliance Industries' net profit rose 24% to Rs 3912 crore on 35.8%
growth in net sales to Rs 37,286 crore in Q4 March 2008 over Q4 March
2007.
Reliance Industries is engaged in oil refining, producing and
distributing plastic and intermediates, polyester filament yarn, fibre
intermediates, polymer intermediates, crackers, chemicals, textiles.
It is also into exploration and production of oil and natural gas. The
firm also runs retail outlets with a brand name 'Reliance Fresh'.
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