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Technical Report on Reliance Industries After Correction.

July 8, 2022

RESEARCH REPORT

ON

RELIANCE INDUSTRIES LIMITED

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Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is one of the most profitable companies in India, the largest publicly traded company in India by market capitalization, and the largest company in India as measured by revenue. It is also the tenth largest employer in India with over 236,000 employees. RIL has a market capitalization of US$243 billion as of March 31, 2022.

The company is ranked 155th on the Fortune Global 500 list of the world’s biggest corporations as of 2021. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports and access to markets in over 100 countries. Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India. The company has negative free cash flows. Reliance Industries became the first Indian company to cross 100Bn$ in revenues.

 

COMPANY PROFILE

Particulars Details
Name Reliance Industries Limited
Type Public
Traded as ·         BSE: 500325

·         NSE: RELIANCE

·         LSE: RIGD

·         BSE SENSEX Constituent

NSE NIFTY 50 Constituent
Industry Conglomerate
Founded 8 May 1973; 49 years ago
Founder Dhirubhai Ambani
Headquarters Mumbai, Maharashtra
Key people Mukesh Ambani
(Chairman & MD)
Nita Dalal Ambani
(Director)
Products ·         Petroleum

·         Natural gas

·         Petrochemicals

·         Textiles

·         Retail

·         Telecommunications

·         Media

·         Television

·         Entertainment

·         Music

·         Financial Services

Software
Revenue  ₹736,581 crore (US$97 billion) (2022)
Operating income  ₹98,446 crore (US$13 billion)  (2022)
Net income  ₹67,565 crore (US$8.9 billion) (2022)
Total assets  ₹1,499,665 crore (US$200 billion) (2022)
Total equity  ₹772,720 crore (US$100 billion) (2022)
Number of employees 236,560 (2022)
Subsidiaries ·         Jio Platforms

·         Reliance Retail

·         Reliance Petroleum

·         Jio Payments Bank

·         Network18 Group

·         Mumbai Indians

·         Alok Industries

Reliance Foundation

 

FINANCIALS

  • Revenue

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  • Net profit

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  • EPS

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  • ROE

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  • Debt to equity

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  • Income statement

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TECHNICAL ANALYSIS

 

  • There is nothing to worry about Reliance Industries despite an 8 per cent intraday drop in its share price on Friday, according to market analysts. Shares of the company came under pressure on July 1 after the government imposed taxes on the export of petrol, diesel and jet fuel (ATF) shipped overseas by Indian firms.
  • The government levied a tax of Rs 6 per litre on exports of petrol and aviation turbine fuel and Rs 13 per litre on exports of diesel. The step is aimed at meeting the demand of the domestic market.
  • RIL will benefit even after paying taxes. It will take a hit on margins. However, gross refining margins are very high at present as they are importing from Russia at a discounted price and exporting at a premium. The company may see windfall profit in the upcoming quarterly results.

 

  • A Reliance Industry is a good stock to buy.
  • Reliance Industries stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

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  • As per the technical in the daily chart of Reliance Industries, you can buy at dip between 2300-2350 with a Stop loss of 2150 for targets of 2550, 2660 in 1-4 months & further targets of 2800 in the near term.
  • Moving Averages

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  • Shareholding

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