₹2,958 against its previous close of ₹2,959.70 but soon slipped in the red to the level of ₹2,952.50 on NSE. However, it quickly erased losses and traded 0.35 per cent higher at ₹2,969.95 apiece around 9:25 am. As of April 22 close, Reliance share price has risen about 39 per cent over the last year, outperforming the equity benchmark Nifty 50 which has gained nearly 27 per cent in the same period.
Reliance share price hit its 52-week high of ₹3,024.90 on March 4 this year while its 52-week low level is ₹2,220.30 which it hit on October 26 last year. On a monthly scale, Reliance share price has been flat in April so far following five consecutive months of gains.
Reliance Q4 result Reliance's gross revenue increased by 10.8 per cent year-on-year (YoY) to ₹2,64,834 crore. However, profit after tax (PAT) remained almost flat at ₹21,243 crore against ₹21,327 crore in the same quarter last year.
The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore with all businesses contributing strongly. Read More: Reliance Q4 result: Revenue up 11% YoY, PAT comes almost flat; 5 key highlights Most brokerage firms retained their positive views on Reliance after the company's March quarter earnings. Some of them have raised their target prices for the stock as they believe the company is done with its capital expenditure cycle.
Motilal retained its buy rating on RIL with a target price of ₹3,245, citing the Q4FY24 EBITDA and PAT of RIL were above estimates primarily due to the growth in the O2C (oil-to-chemicals) segment, which was partly offset by lower-thanestimated performance in the retail segment. The brokerage firm has raised its capex estimates to ₹1.2 lakh crore for FY25E and FY26E each. "Using our SoTP
. Read more on livemint.com