The Reliance Industries started by Dhirubhai.H.Ambani is now India’s largest among the private sector enterprises. Well the market reports suggest that the company has been ranked 206 in the 2008 Fortune Global 500. As per annual reports, the annual income of the group is in excess of US$ 30 billion. The cornerstone of the growth of Reliance Industries has essentially been the backward vertical integration. The company started its journey in late seventies as a mere textile firm. It then extended it long term growth to other fields like polyester, fiber, intermediates, plastics, petrochemicals, petroleum refineries. Nowadays the company enjoys global leadership in business as being one of the largest producers in the world in field of polyester yarn and fiber products and is among top 5 major petrochemical producers among the planet.
Though the group’s principle activity relies on polyester filament yarn, fiber intermediates, polymer intermediates, yet a fundamental major sector under the company is of chemicals. The group also conducts the business of communications known as Reliance India Mobile through subsidiaries and associates. Even the petrochemicals segment of the company includes production and marketing of high and Low density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyester Fibers, Purified Terephthalic Acid, Paraxylene, Ethylene Glycol, Olefins, Polyester Yarn and many more of variety products.
The 2008 sales, ending on January 2009, are of about 1,366,272,800,000 in INR. The company is extremely huge with more than 25,487 employees serving for it. If you like to do trading in the stocks of the Reliance Industries Ltd you can refer to this site for latest stock market trading tips, reports or experts’ analysis. It will be much better if you bookmark this platform so that in the near future you can add your suggestions regarding stock performances of the company in the short term & long term growth plans.
Buy RIL with target of Rs 1078 and stop loss of Rs 1058, says Salil Sharma, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1059.10, down 0.1% on the BSE.
The market is likely to have a small gap-up opening and after that will trade range-bound, say Anil Singhvi, market analyst, on CNBC Awaaz. There will be support for the Nifty at 5400-5425 and resistance at 5480, he adds. He believes that for the Nifty to go above 5500 we would need to see an upmove in RIL and banking shares.
Buy RIL with a target of Rs 1090 and stop loss of Rs 1065, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1078, up 0.4% on the BSE.
Buy RIL with target of Rs 1088 and stop loss of Rs 1060, says Salil Sharma, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1067.60, down 0.1% on the BSE.
Buy RIL with target of Rs 1400-1450 in 12-18 months, says Gaurang Shah of Geojit BNP Paribas on Zee Business. It has support at 980 and 1020, he adds. The stock is currently trading at Rs 1077.80, up 0.2% on the BSE.