Buy Call For RELIANCE (NSE) @1935 -1937 (Positional) For 17-May-2021 ! (COMPLETED)🔥
RELIANCE INDUSTRIES LTD :-
Reliance Industries Ltd. was incorporated in the year 1973. Its today's share price is 1936.85. Its current market capitalisation stands at Rs 1309711.53 Cr. In the latest quarter, company has reported Gross Sales of Rs. 3652020 Cr and Total Income of Rs.3506890 Cr. The company's management includes K Sethuraman, Pawan Kumar Kapil, P M S Prasad, Hital R Meswani, Nikhil R Meswani, Nita M Ambani, K V Chowdary, Arundhati Bhattacharya, Shumeet Banerji, Raminder Singh Gujral, Adil Zainulbhai, Raghunath A Mashelkar, Dipak C Jain, Yogendra P Trivedi, Mukesh D Ambani, Mukesh D Ambani.
It is listed on the BSE with a BSE Code of 500325 , NSE with an NSE Symbol of RELIANCE and ISIN of INE002A01018. It's Registered office is at 3rd Floor ,Maker Chambers I V, 222,Nariman PointMumbai-400021, Maharashtra. Their Registrars are ACC Ltd. It's auditors are Chaturvedi & Shah, Deloitte Haskins & Sells, Deloitte Haskins & Sells LLP, Deloittee Haskins & Sells, DTS & Associates, DTS & Associates LLP, Rajendra & Co, SRBC & Co LLP
It is listed on the BSE with a BSE Code of 500325 , NSE with an NSE Symbol of RELIANCE and ISIN of INE002A01018. It's Registered office is at 3rd Floor ,Maker Chambers I V, 222,Nariman PointMumbai-400021, Maharashtra. Their Registrars are ACC Ltd. It's auditors are Chaturvedi & Shah, Deloitte Haskins & Sells, Deloitte Haskins & Sells LLP, Deloittee Haskins & Sells, DTS & Associates, DTS & Associates LLP, Rajendra & Co, SRBC & Co LLP
The Reliance Group, founded by Dhirubhai H. Ambani , is India''s largest private sector enterprise, with businesses in the energy and materials value chain. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.
Dhirubhai Ambani founded Reliance as a textile company and led its evolution as a global leader in the materials and energy value chain businesses. It was in 1957 when he returned to India after a stint with A.Besse& Co., Aden he started yarn trading business from a small 500 sq.ft. office in Masjid Bunder, Mumbai.he set up his brand new mill in Naroda, Gujarat. In 1996 Reliance went on to become the biggest textile brand ‘Only Vimal’. In 1977 the Reliance Textile Industries came with an IPO which was oversubscribed seven times.
Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.
Starting as a small textile company, Reliance has in its journey crossed several milestones to become a Fortune 500 company in less than 3 decades.
Reliance Industries Limited operates world-class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara.
Allahabad Manufacturing Division located in Allahabad, Uttar Pradesh, is spread over 105 acres. It is equipped with polymerization and continuous polymerization facilities.
Barabanki Manufacturing Division located near Lucknow, Uttar Pradesh, is spread over 106 acres. It manufactures Black Fibre.
Dahej Manufacturing Division located near Bharuch, Gujarat, is spread over 1, 778 acres. It comprises of an ethane / propane recovery unit, a gas cracker, a caustic chlorine plant and 4 downstream plants, which manufacture polymers and fibre intermediates.
Dhenkanal Manufacturing Division located in Baulpur, Orissa, is spread over 227 acres. It manufactures polyester staple fibre.
Hoshiarpur Manufacturing Division located in Hoshiarpur, Punjab, is spread over 69 acres. It manufactures a wide range of PSF, PFF, POY and polyester chips.
Hazira Manufacturing Division located near Surat, Gujarat, is spread over 700 acres. It comprises of a Naptha cracker feeding downstream fibre intermediates, plastics and polyester plants.
Jamnagar Manufacturing Division located in Jamnagar, Gujarat, is spread over 7, 400 acres. It comprises of a petroleum refinery and associated petrochemical plants. The refinery is equipped to refine various types of crude oil (sour crude, sweet crude or a mixture of both) and manufactures various grades of fuel from motor gasoline to Aviation Turbine Fuel (ATF). The petrochemicals plants produces plastics and fibre intermediates.
Kurkumbh Manufacturing Division located near Pune, Maharashtra, is spread over 34 acres. It manufactures fibre intermediates.
Nagothane Manufacturing Division located in Raigad, Maharashtra, is spread over 1, 860 acres. It comprises of an ethane and propane gas cracker and five downstream plants for the manufacture of polymers, fibre intermediates and chemicals.
Nagpur Manufacturing Division located in Nagpur, Maharashtra, is spread over 368 acres. It manufactures polyester filament yarn, dope-dyed specialty products of different ranges, fully drawn yarn and polyester chips.
Naroda Manufacturing Division located near Ahmedabad, Gujarat, is RIL’s first manufacturing facility and is spread over 150 acres. This synthetic textiles and fabrics manufacturing facility manufactures and markets woven and knitted fabrics for home textiles, synthetic and worsted suiting and shirting, ready to wear garments and automotive fabrics.
Patalganga Manufacturing Division located near Mumbai, Maharashtra, is spread over 200 acres. It comprises of polyester, fibre intermediates and linear alklyl benzene manufacturing plants.
Silvassa Manufacturing Division located in the Union Territory of Dadra and Nagar Haveli, is spread over 127 acres. It manufactures a wide range of specialty products such as Recron Stretch, Linen Like, Melange, Thick-n-thin and Bi-shrinkage yarns.
Vadodara Manufacturing Division located in Vadodara, Gujarat, is spread over 1, 263 acres. It comprises of a Naptha cracker and 15 downstream plants for the manufacture of polymers, fibres, fibre intermediates and chemicals.
FUNDAMENTALS:-
Stock investing requires careful analysis of monetary data to seek out out the company's true net worth. this is often generally done by examining the company's profit and loss account, record and income statement. this will be time-consuming and cumbersome. a neater thanks to determine a few company's performance is to seem at its financial ratios, which may help to form sense of the overwhelming amount of data which will be found during a company's financial statements.
Here are the few indispensable tools that ought to be a neighborhood of each investor’s research process.
PE ratio: - Price to Earnings' ratio, which indicates for each rupee of earnings what proportion an investor is willing to buy a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Reliance Industries features a PE ratio of 41.00 which is high and relatively overvalued .
Return on Assets (ROA): - Return on Assets measures how effectively a corporation can earn a return on its investment in assets. In other words, ROA shows how efficiently a corporation can convert the cash wont to purchase assets into net or profits. Reliance Industries has ROA of three .51 you which of them may be a bad sign for future performance. (higher values are always desirable)
Current ratio: - the present ratio measures a company's ability to pay its short-term liabilities with its short-term assets. a better current ratio is desirable in order that the corporate might be stable to unexpected bumps in business and economy. Reliance Industries features a Current ratio of 0.54 .
Return on equity: - ROE measures the power of a firm to get profits from its shareholders investments within the company. In other words, the return on equity ratio shows what proportion profit each rupee of common stockholders’ equity generates. Reliance Industries features a ROE of 7.45 % .(higher is better)
Debt to equity ratio: - it's an honest metric to see out the capital structure along side its performance. Reliance Industries features a D/E ratio of 0.62 which suggests that the corporate has low proportion of debt in its capital.
Inventory turnover ratio: - Inventory Turnover ratio may be a n activity ratio and is a tool to guage the liquidity of a company's inventory. It measures what percentage times a corporation has sold and replaced its inventory during a particular period of your time . Reliance Industries has a listing turnover ratio of 8.81 which shows that the management is inefficient in reference to its Inventory and dealing capital management.
Sales growth: - Reliance Industries has reported revenue growth of -9.59 you which of them is poor in reference to its growth and performance.
Operating Margin: - this may tell you about the operational efficiency of the corporate . The operating margin of Reliance Industries for the present fiscal year is 14.15 %.
Dividend Yield: - It tells us what proportion dividend we'll receive in reference to the worth of the stock. the present year dividend for Reliance Industries is Rs 6.50 and therefore the yield is 0.36 %.
TECHNICALS:
We Can See the Formation of DESCENDING TRIANGLE Bilateral Pattern in 3 Hour Candle Stick Chart.
CALL :-
BUY RELIANCE @1935 - 1937
TARGET 1 - 1954✔️
TARGET 2 - 1975✔️
TARGET 3 - 1999✔️
TARGET 4 - 2035✔️
STOPLOSS - 1895
Why Should You Buy?
- First of all after a deep correction its ready for the upmove.
- You are getting in a very good price.
- Company's Fundamental's are very Strong.
- Our Opinion Says You Should take a small risk for Bigger targets.
Conclusion:-
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