Thursday, February 11, 2021

RELIANCE | Stock Price Outlook

 

Reliance Industries Ltd.

Stock/Share Price: 2055


➽ In this article we will discuss recent development in the StockShare of RELIANCE in the Stock MarketStock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation


Key  Summary

Rising Net Cash Flow and Cash from Operating activity

Strong QoQ EPS Growth in recent results

Growth in Net Profit with increasing Profit Margin (QoQ)

Company reducing Debt

Increasing Revenue every quarter for the past 2 quarters

Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge



Technical Chart & Price Outlook


Long position can be made for the potential upside level of 2284 / 2374 in short term  and 2834 in mid term.


Recent Valuation Summary

Promoters have increased holdings from 50.49% to 50.54% in Dec 2020 qtr.

Mutual Funds have decreased holdings from 5.12% to 4.85% in Dec 2020 qtr

Number of MF schemes decreased from 87 to 86 in Dec 2020 qtr

FII/FPI have decreased holdings from 25.2% to 25.16% in Dec 2020 qtr

Number of FII/FPI investors increased from 2155 to 2158 in Dec 2020 qtr.

Institutional Investors have decreased holdings from 38.59% to 38.27% in Dec 2020 qtr




Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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