- Wealth PMS
Pictures tell you a story. Let’s look at the Reliance Results for their story.
However, the dollar depreciation would have helped. But they hedge a substantial portion of this – nearly 127,000 cr. of it last year.
Earnings Per Share for the last 12 months is Rs. 67.6. At 923, the stock quotes at a P/E of 13.65. This is a reasonably small P/E. Their retail stores are doing reasonably and they’re making more noises about Jio Infocomm (their large LTE/4G venture).
The story on the primary business end is dying; but will Reliance, with it’s massive cash hoard, pull things out of its hat?
Disclosure: No positions, and wondering if it’s a good time to buy.