Reliance Industrial Infrastructure Third Quarter 2024 Earnings EPS 2.41 - Simply Wall St
| RIGD Stock | 60.20 0.20 0.33% |
Slightly above 62% of Reliance Industries' investor base is looking to short. The current sentiment of investing in Reliance Industries Ltd suggests that many traders are alarmed. Reliance Industries' investing sentiment can be driven by a variety of factors including economic data, Reliance Industries' earnings reports, geopolitical events, and overall market trends.
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 Ltd as well as its diversification or hedging effects on your existing portfolios.
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Reliance Industrial Infrastructure Third Quarter 2024 Earnings EPS 2.41 Simply Wall St
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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.
Price To Sales
Price To Sales Comparative Analysis
Reliance Industries is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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
| SNT | Sabien Technology | 15.00 | ||||
| ATG | Auction Technology | 4.14 | ||||
| 0OG6 | Seche Environnement | 1.86 | ||||
| ALFA | Alfa Financial | 1.12 | ||||
| BYIT | Bytes Technology | 0.36 | ||||
| 0FQR | Pfeiffer Vacuum | 0.06 | ||||
| CIZ | Cizzle Biotechnology | 5.26 |
Additional Tools for Reliance Stock Analysis
When running Reliance Industries' price analysis, check to measure Reliance Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Industries is operating at the current time. Most of Reliance Industries' value examination focuses on studying past and present price action to predict the probability of Reliance Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Industries' price. Additionally, you may evaluate how the addition of Reliance Industries to your portfolios can decrease your overall portfolio volatility.