Reliance Industries may test Rs 850: Harchekar
Amit Harchekar of IIFL is of the view that, Reliance Industries is expected to test Rs 850 level.
February 11, 2013 / 15:51 IST
Amit Harchekar of IIFL is of the view that, Reliance Industries is expected to test Rs 850 level.
Harchekar told CNBC-TV18, "Reliance Industries is trading near the support zone but before we see a good up move, the stock has a possibility to test levels of Rs 850-849.At 15:40 hrs the stock was quoting at Rs 867.80, up Rs 3.60, or 0.42%. It has touched an intraday high of Rs 873.90 and an intraday low of Rs 861.00. The share touched its 52-week high Rs 954.80 and 52-week low Rs 671.00 on 21 January, 2013 and 08 May, 2012, respectively. Currently, it is trading 9.11% below its 52-week high and 29.33% above its 52-week low. Market capitalisation stands at Rs 280,168.93 crore.The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 14.17. The latest book value of the company is Rs 504.65 per share. At current value, the price-to-book value of the company was 1.72. The dividend yield of the company was 0.98%.amit_reliance_11feb Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
