Welcome! David Fenton Here

Meet David Fenton, the driving force behind TechSpotty. As the founder and chief content architect, David dives into the world of technology, business, gaming, guides, and problem-solving solutions with unwavering passion and expertise. Additionally, he loves to listen to music every time no matter if he’s working or traveling.
TechSpotty isn’t just a platform; it’s a curated space where David translates complex tech trends into engaging narratives. Whether you seek the latest in gadgets, business insights, immersive gaming experiences, or practical solutions, TechSpotty is your go-to compass.

Find Us on Socials

Don’t Miss

The Reliance Legacy: Pioneering Innovation Across Industries

After a humble beginning in polyester and textiles, Reliance Industries Limited (RIL) is now one of the biggest private-sector conglomerates in India. The company has a huge presence in sectors such as retail, telecommunications, energy, chemicals, etc. 

With its headquarters in Mumbai, under Mukesh Ambani’s leadership, the company has grown in almost every sector. Let’s take a look at the company’s recent financial performance, stock prices, and future roadmap.

Reliance Industries Financial Analysis

The Reliance Legacy

A great achievement by Reliance Industries is that in 2007, it became the 1st Indian company to cross a market capitalization of $100 billion. As of  2023, RIL sits on the 88th rank in the Fortune Global 500 list which is a proud thing for India and budding investors in our nation. 

In the following table, we have included the financial stats of the company for the year 2023. You can take a look and compare the stats on a quarter-by-quarter basis. 

CategoryMarch 2023June 2023Sep 2023Dec 2023
SalesRs. 2,12,834 CroresRs. 2,07,559 CroresRs. 2,31,886 CroresRs. 2,25,086 Crores
Expenses Rs. 1,74,478 CroresRs. 1,69,466 CroresRs. 1,90,918 CroresRs. 1,84,430 Crores
Operating Profit Rs. 38,356 CroresRs. 38,093 CroresRs. 40,968 CroresRs. 40,656 Crores
Basic Earning per Share29242626

Reliance Industries Price Analysis

Compared to the last closing price, As of March ‘24 Reliance share price is trading around Rs. 2800+.Go through the following Reliance share price chart for a better idea of its recent market trends.

Unlock the Butterflies Lens on Snapchat

The TTM P/E ratio of RIL is 25.11 as compared to 8.78 of the sector P/E. Around 29 analysts covered Reliance Industries, out of which 11 rated it as a strong buy, 11 gave it a buy rating, and 2 analysts gave it a sell rating.  In the previous quarter, the company posted a profit of Rs. 17,265 Crores. 

Should You Invest in Reliance Industries Stocks?

Analysts predict a 10% increase in Reliance Industries’ share price by March 2024, and it is expected to reach Rs. 3000 – Rs. 3100 by that time. The company is coming up with new disclosures like Jio IPO, Reliance Retail, and in the green energy sphere. Thus, if your investment goals are for the long term and if you can bear the short-term market volatility, Reliance can be an option to diversify your investment portfolio with exposure to such a large cap stock. 

However, you should always consider a company’s financial health, leadership, and industry position to make a decision. With the company’s history and performance, you can make an informed decision.


Right from telecommunications to petrochemicals, Reliance Industries is one of the leading industrial names in India. Under Mukesh Ambani’s leadership, the company has reached new heights and continues to work for the welfare of Indian citizens. To start investing and stay updated with the stock market, download the Dhan app now. 

Abdullah is an IT enthusiast and a writer who writes about business and technology. He is working in this field for a couple of years. Abdullah has extraordinary knowledge in his field so if you are a new entrepreneur, you can follow these techniques to grow your business.