back to top
HomeSHARE MARKETAmbani Share Merger Deal; Company Given Clarification; Sell After ₹3400

Ambani Share Merger Deal; Company Given Clarification; Sell After ₹3400

Hot Stocks Alert Join

Reliance Industries(NSE: RELIANCE) share: Mukesh Ambani’s company Reliance Industries has given clarification on the news of a merger deal with Walt Disney. 

Reliance told stock exchanges that the company could not comment on speculation. 

Reliance said to the stock exchanges that we cannot speak about media speculations and it would not be appropriate to comment on media speculations.

According to Reliance, the company evaluates different opportunities.In addition, there is nothing that is not disclosed to exchanges.

What Was The Story?

Media reports claimed Disney and Reliance have signed a legally binding agreement to combine their operations as media companies in India.

 According to reports, Reliance’s media division and its associated companies are expected to hold a minimum 61 percent stake in the merged entity.

Meanwhile, Disney will retain the remaining stake. The report claimed that the deal could be announced this week. 

However, now Reliance has rejected these reports.

Share Status

On Tuesday, the second trading day of the week, shares of Reliance Industries reached a new high of Rs 3000.

The share price rose by 0.50 percent during trading. After this, the share price reached the level of Rs 3000. It is also the 52-week highest level of the stock.

What Was The Broker Tell?

Reliance Industries shares have given positive returns against BSE Sensex in different periods. Recently, a brokerage had set a target of Rs 3400 on Reliance shares.

The brokerage has raised FY25 and FY26 EPS outlooks by 4% and 5% respectively.

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 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₹ 20,10,491 Cr.
Current Price₹ 2,971
52-wk High₹ 3,000
52-wk Low₹ 2,000
Stock P/E28.8
Book Value₹ 1,110
Dividend0.30 %
ROCE9.14 %
ROE8.94 %
Face Value₹ 10.0
P/B Value2.68
OPM18.0 %
EPS₹ 103
Debt₹ 3,16,697 Cr.
Debt to Equity0.42

Reliance Industries Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 2800₹ 3100
2025₹ 3160₹ 3400
2026₹ 3500₹ 3860
2027₹ 4000₹ 4612
2028₹ 5000₹ 5900
2029₹ 6300₹ 6700
2030₹ 7150₹ 8400
Hot Stocks Alert Join

Reliance Industries Limited Shareholding Pattern

Promoters Holding
Dec 202250.49%
Mar 202350.41%
June 202350.39%
Sept 202350.27%
Dec 202350.30%
FII Holding
Dec 202223.48%
Mar 202322.49%
June 202322.55%
Sept 202322.60%
Dec 202322.13%
DII Holding
Dec 202215.26%
Mar 202316.06%
June 202316.13%
Sept 202315.99%
Dec 202316.59%
Hot Stocks Alert Join
Govt. Holding
Dec 20220.16%
Mar 20230.16%
June 20230.17%
Sept 20230.17%
Dec 20230.18%
Public Holding
Dec 202210.59%
Mar 202310.89%
June 202310.76%
Sept 202310.98%
Dec 202310.80%

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
Hot Stocks Alert Join

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:

20190.7
20200.65
20210.32
20220.34
20230.44

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, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

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

If you like this information, share the article with as many people as possible.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here