Buy Reliance Industries, target price Rs 1,600: Motilal Oswal Financial Services
buy call on Reliance Industries with a target price of Rs 1,600. The current market price of Reliance Industries is Rs 1306.6. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1770034.38 crore, operating in the Diversified sector.
Reliance Industries' key products/revenue segments include Petrochemicals, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 244200.00 crore, up 3.29% from last quarter Total Income of Rs 236411.00 crore and up 6.66% from last year same quarter Total Income of Rs 228955.00 crore. The company has reported net profit after tax of Rs 21804.00 Crore in latest quarter.
The company's top management includes Mr.Mukesh D Ambani, Mr.Haigreve Khaitan, Mr.K V Chowdary, Mrs.Arundhati Bhattacharya, Dr.Shumeet Banerji, Mr.Raminder Singh Gujral, Mr.K V Kamath, Mr.Yasir Othman H Al Rumayyan, Mr.Akash M Ambani, Mr.Anant M Ambani, Mr.P M S Prasad, Mr.Hital R Meswani, Mr.Nikhil R Meswani, Ms.Isha M Ambani. Company has Chaturvedi & Shah LLP as its auditors. As on 30-09-2024, the company has a total of 1,353 crore shares outstanding.
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