Reliance Industries Share Price Target 2024: Mukesh Ambani-led RIL stock in RED! - Buy, Sell or Hold?
reliance industries share price target 2024: mukesh ambani-led ril stock in red! – buy, sell or hold?
Reliance Industries Share Price Target 2024: Shares of Mukesh Ambani-led Reliance Industries, India’s largest company by market capitalisation, ended the week’s last trading in the negative territory. RIL is one of the top contributors to BSE Sensex. After starting Friday’s session with gains at Rs 2,938.55, the RIL stock took a retreat and settled at Rs 2868.50, down 2.17 per cent from its previous close of Rs 2,932.10 on the BSE. On a weekly note, the RIL stock registered a loss of 1.19 per cent.
The domestic brokerage firm Kotak Institutional Equities has shared their insight on the RIL stock for investors.
RIL Share Price Target 2024
Kotak Institutional Equities has assigned an ADD rating to the RIL stock. At the CMP of Rs 2,932, the brokerage in their report dated May 3, 2024, has set the fair value at Rs 3,200 for the RIL stock.
Reliance Industries Q4 2024 Quarterly Results
Reliance Industries had posted their financial earnings for the quarter and year ended March 31, 2024, on April 22, 204. The company reported its net profit at Rs 18,951 crore versus ET NOW poll of Rs 18,227 crore. Reliance Industries, during the quarter under review, posted a consolidated revenue of Rs 2.36 lakh crore, above the ET NOW estimates of Rs 2.34 lakh crore. RIL’s EBITDA came in at Rs 42,516 crore while margin at 18 percent in the fourth quarter of FY24.
Reliance Industries Dividend 2024
The Ambani-led firm has also announced a 100 per cent dividend payout for its shareholders. At a face value of Rs 10, RIL’s FY24 dividend payout translates as Rs 10 per share.
“The Board of Directors has recommended a dividend of Rs 10 per fully paid-up equity share of Rs 10 each,” said RIL in an exchange filing on the BSE.
Reliance Industries Dividend History
Reliance Industries has a rich history of paying dividends to its shareholders. RIL had paid a dividend of Rs 9 in 2023 and Rs 8 each in 2022, as per the BSE data.
Reliance Industries Share Price History
RIL commands a market cap of Rs 19,40,738.40 crore on the BSE. As per BSE analytics, the company’s stock has offered a return of 23.69 per cent in the last six months, 28.43 per cent in the last one year, 122.88 per cent in the last five years and a whopping 575.72 per cent in the last ten years to its investors.
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