Reliance Share Price History from 1990 to 2023

In this article, you will find the details of Reliance Share Price History. Additionally, we will provide important fundamental details about Reliance Share Shares.

Reliance Share Price History

Reliance Industries, a prominent name in the Indian corporate sector, embarked on its journey in the 1990s with a share price of ₹11.74. The initial years saw promising growth, especially between 1991 and 1992, when the price almost doubled.

However, the latter half of this decade presented a mixed bag for Reliance. A sharp decline occurred after reaching ₹32.66 in 1994, plunging the price to ₹19.60 by 1995. While the following years had ups and downs, the turn of the century marked a pivotal era of growth for Reliance.

In 2003, the share price reached a commendable ₹108.48, an impressive jump of 92.4% from the previous year, showcasing the company’s strong market presence and adaptability.

Yet, every success story comes with its set of challenges. Reliance’s triumphant climb to ₹720.26 in 2007 was met with a staggering fall the following year, dropping to ₹307.56 amidst the global financial turmoil.

However, true to its reputation, the company rallied back, registering notable growth rates in the subsequent years. A series of achievements with minor hiccups characterized the next decade. By 2021, the share price had risen to a remarkable ₹2368.15.

Despite a dip in 2023, bringing the stock price to ₹2257.95, the journey of Reliance Industries stands as a testament to its enduring spirit, adaptability, and commitment to excellence in the ever-evolving market landscape.

Also Read: SBI Share Price History from 1995

About Reliance

Reliance Industries, founded by Dhirubhai Ambani, stands tall as one of India’s most esteemed conglomerates, with a multi-faceted presence spanning various sectors. Commencing its operations in the textiles industry with the brand “Vimal,” the company has since diversified immensely.

Over the years, Reliance has ventured into areas like petrochemicals, refining, and oil, becoming a significant player in these domains. Its Jamnagar refinery is among the largest refining complexes globally, highlighting its scale and technical prowess.

Reliance has made a marked pivot towards consumer-facing businesses in recent years, resulting in monumental retail and telecommunications successes. Its digital arm, Jio, revolutionized the Indian telecom scene by offering high-speed internet at affordable rates, gathering millions of users in a short span.

On the other hand, its retail venture, Reliance Retail, has expanded exponentially, boasting a vast network of stores nationwide. Reliance Industries exemplifies visionary leadership, innovative strategies, and an undying commitment to growth and excellence from its humble beginnings to its current status as a global powerhouse.

Fundamentals of Reliance Share

Here are some primary fundamental data about Reliance Share (until 2023):

Market Cap:

The company boasts a significant market capitalization of ₹15,27,690 crore, indicating its substantial size and presence in the market. This figure represents the total market value of the company’s outstanding shares of stock.

P/E Ratio:

With a Price-to-Earnings (P/E) ratio of 24.00, the company’s current share price is 24 times its earnings per share. This metric is commonly used to determine the relative value of a company’s shares to its earnings capacity.

Dividend Yield:

The company offers a dividend yield of 0.40%, which provides investors an insight into the return on investment from dividend income alone. This percentage indicates how much dividend income investors have received relative to the stock price.

ROCE:

The Return on Capital Employed (ROCE) is 12.64%. This metric indicates how efficiently the company utilizes its capital to generate profits. A higher ROCE typically implies better capital utilization and profitability.

ROE:

With a Return on Equity (ROE) of 8.05%, the company shows the profit generated with the money shareholders have invested. It’s a key metric to assess a company’s profitability from its equity.

Book Value:

The book value per share is ₹1,058.09. This number represents the company’s value if it were to be liquidated today. It gives investors an idea about whether a stock is under or overpriced.

Face Value:

The face value of the company’s stock is ₹10.00. This is the nominal value of the stock as determined by the company and is different from the stock’s market value.

Price / Book Ratio:

With a Price Book ratio of 2.13, this metric indicates how much investors are willing to pay for each rupee of net assets. A higher ratio might recommend that the market has enormous expectations for the company’s future growth.

This data provides a comprehensive view of the company’s financial health and its appeal to investors. Evaluating these metrics can offer insights into the company’s operational efficiency, profitability, and potential for future growth.

(Disclaimer: The information is presented ‘as is’ and is intended solely for educational and informational purposes, not for trading decisions or professional advice. We strongly advise conducting your own thorough research before making any investment.)

Questions and Answers about Reliance Share