HomeNewsBusinessStocksSee Rs 1075-1100 on Reliance Industries: Baliga

See Rs 1075-1100 on Reliance Industries: Baliga

Ambareesh Baliga of Edelweiss Financial Services feels that Reliance Industries may test Rs 1075-1100 levels in next 9-12 months.

January 02, 2014 / 10:25 IST
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Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Gas pricing was an issue for Reliance Industries for a while. With that out of the way sooner than later, a level of Rs 1075-1100 is very much possible over the next 9-12 months."

At 10:16 hrs Reliance Industries was quoting at Rs 893, up Rs 4.30, or 0.48 percent.

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The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 14.58. The latest book value of the company is Rs 557.05 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 1.01 percent.

first published: Jan 2, 2014 10:25 am

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