RIL likely to remain in rangebound: Chouhan

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Reliance Industries (RIL) is likely to remain in rangebound, says Shrikant Chouhan , Kotak Securities.

Chouhan told CNBC-TV18, "Reliance Industries will remain range bound between Rs 1,080 and Rs 1,040 for next few days. But net-net we can expect again the highest higher level of Rs 1,120 in the near-term."

The stock closed at Rs 1,075.05, up Rs 8.50, or 0.80% with volumes of 558,995 shares. Market capitalisation stands at Rs 353,287.67 crore.

The company touched its 52 week high Rs 1,245.00 and 52 week low Rs 679.95 on 19 May, 2009 and 18 Mar, 2009, respectively. Currently, it is trading -13.65% below its 52-week high and 58.11% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 45.77 per share. The stock's price-to-earnings (P/E) ratio was 23.49. The latest book value of the company is Rs 348.69 per share. At current value, the price-to-book value of the company was 3.08. The dividend yield of the company was 1.21%.

Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.