Oct 15, 2013, 10.34 AM IST
The investment bank adds that company's September-quarter earnings came in line with consensus estimates, but with better petrochemical, refining performance and lower other income.
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JP Morgan upgrades RIL to 'overweight'
The investment bank adds that company's September-quarter earnings came in line with consensus estimates, but with better petrochemical, refining performance and lower other income.
Like this story, share it with millions of investors on M3
JP Morgan upgrades RIL to 'overweight'
The investment bank adds that company's September-quarter earnings came in line with consensus estimates, but with better petrochemical, refining performance and lower other income.
"We remain positive on RIL's core business expansion strategy, and we expect resultant organic earnings growth to drive stock performance," says JP Morgan in a report on Tuesday.
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The investment bank adds that company's September-quarter earnings came in line with consensus estimates, but with better petrochemical, refining performance and lower other income.
Reliance, which operates the world's biggest oil refining complex in western India, met analysts estimates with a 1.5 percent rise in net profit to 54.9 billion rupees in the three months to September 30.
The mean estimate of forecasts from 11 analysts surveyed by Thomson Reuters was Rs 54.9 billion.
On October 15, 2013, at 14:05 hrs Reliance Industries was quoting at Rs 874.40, up Rs 4.15, or 0.48 percent. The 52-week high of the share was Rs 954.80 and the 52-week low was Rs 761.00.
The company's trailing 12-month (TTM) EPS was at Rs 67.55 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.94. The latest book value of the company is Rs 557.28 per share. At current value, the price-to-book value of the company was 1.57.
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