Stock market news: RIL shares down nearly 1%

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Shares of Reliance Industries Ltd. traded 0.46 per cent down at Rs 2204.45 at around 10:20AM (IST) on Wednesday. The stock had closed at Rs 2214.7 in the previous session. Equity benchmark Sensex traded 112.91 points higher at 52388.48 around the same time.

The scrip has climbed 43.49 per cent in the last one year till date, while the 30-share index has gained 54.15 per cent during the same period.

The stock’s 52-week high price stood at Rs 2368.8 and the 52-week low price at Rs 1495.0.

Trading volume on the counter stood at 67,073 shares, while it quoted a price-to-earnings ratio of 30.38, an EPS value of 72.65 and a price-to-book value of 1.84. In the Nifty50 pack, 36 stocks traded in the green, while 13 stocks were in the red.

Promoter/FII Holding
Promoters held 50.58 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and mutual funds’ ownership stood at 27.85 per cent and 4.43 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 158133.0 crore, up 23.11 per cent from the previous quarter’s Rs 128450.0 crore and up 12.65 per cent from the year-ago quarter’s Rs 140373.0 crore. The company reported net profit of Rs 13227.0 crore for the latest quarter.

Technical Indicators
The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.