The Reliance Industries Limited (RIL) is a large cap company belonging to Nifty 50 group. It’s a big heavyweight stock in the Nifty index. For this reason, Reliance share price influences the benchmark index.
Live Stock Quote: RELIANCE 1,584.00 +55.10 +3.60%
Reliance Share Price Graph
Reliance Industries is a big name in private sector companies in India. Ever since its inception, it has become iconic in business approach. reliance Group of companies was established by Dhirubhai Ambani in 1957. Reliance Industries, the flagship company of the group started its journey as a small textile trading company from a small 500 sq. ft. office in Mumbai (then Bombay). The company, next year started manufacturing textile yarn. From then, it became a Fortune 500 company and the largest company in Indian private sector within a few decades.
Today, from textile to telecom, Reliance Industries has a business interest in many sectors.
- Oil exploration and production
- Petroleum refining, marketing
- 4g digital and mobile service (Pioneer in VOLTE technology in India)
Reliance Industries has a number of manufacturing facilities equipped with state of art technology at different places Theses manufacturing divisions are as follows.
- Vadodara Division
- Silvassa Division
- Patalganga Division
- Naroda Division
- Nagpur Division
- Nagothane Division
- Kurkumbh Division
- Jamnagar Division
- Hazira Division
- Hoshiarpur Division
- Dhenkanal Division
- Dahej Division
- Barabanki Division
- Allahabad Division
Reliance Industries (RIL) is a business conglomerate. It has numerous subsidiaries that run the mainstream business backed by those manufacturing divisions. These manufacturing divisions include refineries, naphtha cracker plants, plants for other petroleum products, textile yarns, clothes, retail items. This huge network has made Reliance Industries the numero uno in Indian private sector. In addition, Reliance Industries launched 4G mobile telephony and internet service in 2016 in the name of Reliance Jio which has taken the telecom sector by storm and for which Reliance Industries share price has shown a major re-rating. High-end technology using VOLTE technology (first in India) provided cheapest ever telephone service to common Indian. Such is the popularity of these services RIL’s customer base saw the fastest growth in Indian telephone history. Earnings from this sector have started reflecting in the balance sheet and Reliance share price and are expected to supersede others very soon.
RIL has the motto of considering people and environment above all else and has been awarded many times for its approach towards CSR (corporate social responsibility).
Company Financials – Reliance share price is Rs 1392.90 (as on 29.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 14.41 versus average industry P/E of 12.64, EPS is Rs 96.65. Market cap is Rs 4,52,911 crores. The face value of a share is Rs 10.
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