Buy Reliance Industries, target price Rs 3435: Motilal Oswal

Motilal Oswal has buy call on Reliance Industries with a target price of Rs 3435. The current market price of Reliance Industries Ltd. is Rs 3040.

85. Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 2058185.



37 Crore) operating in Diversified sector. Reliance Industries Ltd . 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 30-06-2024, the company reported a Consolidated Total Income of Rs 235767.00 Crore, down -2.20 % from last quarter Total Income of Rs 241067.

00 Crore and up 11.54 % from last year same quarter Total Income of Rs 211372.00 Crore.

Company reported net profit after tax of Rs 17448.00 Crore in latest quarter. Promoter/FII Holdings Promoters held 50.

33 per cent stake in the company as of 30-Jun-2024, while FIIs owned 21.75 per cent, DIIs 17.25 per cent.

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