ट्रेंडिंग न्यूज़

Ambani Share New Investments In Renewable Energy Sectors; 100% Takeover; Share Will Double?

Reliance Industries (NSE: RELIANCE) has announced via a filing at the stock exchange, that the board of directors of the company has approved the purchase by MSEB Solar Agro Power Limited, and MSKVY Twenty Second Solar SPV Limited of 100% equity from MSEB Solar Agro Power Limited.

The board approved the purchase of 100-100 percent stakes in both companies. The acquisition should be completed by April 2024.

In a filing on the exchange, the company stated that the agreement is following the terms of the contract awarded to it to install solar power of 128 MW in multiple locations in Maharashtra,as part of the Mukhyamantri Sakrishi Vahini 2.0.

The company’s shares closed Friday at Rs 2,906.55 in NSE, a 0.16 percent increase.

Secrets Tips

Mukesh Amani, Chairman of Reliance Industries Limited, Chennai, stated in a video during the Tamil Nadu Global Investor Meet held in January, that the company would be investing in green hydrogen and renewable energy in Tamil Nadu.

About Reliance Industries Limited

Reliance Industries Ltd. engages in the exploration and production of hydrocarbon refineries of petroleum, marketing and retail, petrochemicals, and telecommuting. 

The Refining segment is comprised of the manufacturing and marketing operations for petroleum products. 

The Petrochemicals segment is the manufacturing and marketing processes of petrochemical products. 

The company was established in 1966 by Dhirubhai Hirachand Ambani in the year 1966 and is located in Mumbai, India.

Fundamental Analysis of Reliance Industries Limited

Market Cap ₹ 19,68,849 Cr.
Current Price ₹ 2,910
52-wk High ₹ 3,025
52-wk Low ₹ 2,016
Stock P/E 28.2
Book Value ₹ 1,110
Dividend 0.31 %
ROCE 9.14 %
ROE 8.94 %
Face Value ₹ 10.0
P/B Value 2.62
OPM 18.0 %
EPS ₹ 103
Debt ₹ 3,16,697 Cr.
Debt to Equity 0.42

Reliance Industries Share Price Target 2024 To 2030

Year 1st Target 2nd Target
2024 ₹ 2800 ₹ 3100
2025 ₹ 3160 ₹ 3400
2026 ₹ 3500 ₹ 3860
2027 ₹ 4000 ₹ 4621
2028 ₹ 5000 ₹ 5900
2029 ₹ 6300 ₹ 6700
2030 ₹ 7150 ₹ 8400

Reliance Industries Limited Shareholding Pattern

Promoters Holding
Dec 2022 50.49%
Mar 2023 50.41%
June 2023 50.39%
Sept 2023 50.27%
Dec 2023 50.30%
FII Holding
Dec 2022 23.48%
Mar 2023 22.49%
June 2023 22.55%
Sept 2023 22.60%
Dec 2023 22.13%
DII Holding
Dec 2022 15.26%
Mar 2023 16.06%
June 2023 16.13%
Sept 2023 15.99%
Dec 2023 16.59%
Govt. Holding
Dec 2022 0.16%
Mar 2023 0.16%
June 2023 0.17%
Sept 2023 0.17%
Dec 2023 0.18%
Public Holding
Dec 2022 10.59%
Mar 2023 10.89%
June 2023 10.76%
Sept 2023 10.98%
Dec 2023 10.80%

Reliance Industries Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019 ₹ 568,337 Cr
2020 ₹ 596,679 Cr
2021 ₹ 466,307 Cr
2022 ₹ 698,672 Cr
2023 ₹ 877,365 Cr

Last 5 Years’ Net Profit:

2019 ₹ 39,837 Cr
2020 ₹ 39,880 Cr
2021 ₹ 53,739 Cr
2022 ₹ 67,845 Cr
2023 ₹ 79,104 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019 0.7
2020 0.65
2021 0.32
2022 0.34
2023 0.44

Last 10 Years’ Profit Growth:

10 Years: 13%
5 Years: 13%
3 Years: 16%
Current Year: 10%

Last 10 years’ Return on Equity (ROE):

10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 9%

Last 10 Years’ Sales Growth:

10 Years: 8%
5 Years: 18%
3 Years: 14%
Current Year: 1%

Conclusion

This article is a complete guide about Reliance Industries Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, this information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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