RIL shares hit record high, cross Rs 3,000 mark for first time whats next - Business Today
| RIGD Stock | USD 61.00 0.70 1.16% |
About 51% of Reliance Industries' investor base is interested to short. The current sentiment regarding investing in Reliance Industries Limited stock implies that many traders are impartial. Reliance Industries' investing sentiment shows overall attitude of investors towards Reliance Industries Limited.
Reliance Industries stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Reliance daily returns and investor perception about the current price of Reliance Industries Limited as well as its diversification or hedging effects on your existing portfolios.
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RIL shares hit record high, cross Rs 3,000 mark for first time whats next Business Today
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Reliance Industries Fundamental Analysis
We analyze Reliance Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Reliance Industries is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Reliance Industries Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Reliance Industries stock to make a market-neutral strategy. Peer analysis of Reliance Industries could also be used in its relative valuation, which is a method of valuing Reliance Industries by comparing valuation metrics with similar companies.
Peers
Reliance Industries Related Equities
| MHID | Mahindra Mahindra | 1.42 | ||||
| TTST | Tata Steel | 1.18 | ||||
| AXB | Axis Bank | 0.30 | ||||
| LTOD | Larsen Toubro | 0.45 | ||||
| SBID | State Bank | 0.70 |
Other Information on Investing in Reliance Stock
Reliance Industries financial ratios help investors to determine whether Reliance Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reliance with respect to the benefits of owning Reliance Industries security.