RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%

Reliance Industries has become one of the most expensive stocks on price-to-earnings (P/E) multiple basis in the large-cap space, with the exception of highly-valued fast moving consumer goods (FMCG) companies such as Hindustan Unilever, Britannia, Nestlé and Asian Paints. At its current stock price, RIL is trading at nearly 28 times its trailing earnings per share (EPS) against the benchmark BSE Sensex’s multiple of 19.4x.  As a result, RIL’s valuation premium over the broader market has hit a record high of 830 basis points (bps), surpassing the previous h.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.