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Thursday, March 17, 2011

Buy stocks of Reliance Industries - Motilal Oswal

Buy stocks of Reliance Industries is the recent recommendation from Motilal Oswal, one of the stock trading and brokerage firms. Checkout the stock valuations of RIL as on today.

Stock research team of Motilal oswal has released this “buy stocks” recommendation on Reliance Industries. The reason behind this stock recommendation is simple. They are expecting some positive fundamental changes in Reliance industries. And so at current stock price of RIL, it is definitely a good stock to buy.

Trailing 12-month (TTM) EPS for Reliance industries is at Rs 59.95 per share (as in Dec 2010). At current stock price of Rs.1044, P/E (price-to-earnings ratio) was 17.4. The latest known book value of RIL Rs.392.21 per share. Price-to-book value comes at 2.66. The dividend yield of the stock is at 0.67%.

Sighting the positive fundamental changes, RIL is a good large cap stock to buy from long term perspectives.

Read more: stock analysis of Reliance Industries

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