INTRADAY OPTION : Buy RELIANCE

• August 10, 2021
• By Ruhul AMIN Mondal
• 73 Views 701 comments

Reliance Industries Limited (RIL) is an Indian multinational conglomerate company, headquartered in Mumbai, India. RIL’s diverse businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is one of the most profitable companies in India,^[3] the largest publicly traded company in India by market capitalisation,^[4] and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation.^[5] It is also the eighth largest employer in India with nearly 195,000 employees.^[6][7] On 10 September 2020, Reliance Industries became the first Indian company to cross $200 billion in market capitalisation.^[8] The company is ranked 96th on the Fortune Global 500 list of the world’s biggest corporations as of 2020.^[9] It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries.^[10] Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India.The company was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960’s as Reliance Commercial Corporation. In 1965, the partnership ended and Dhirubhai continued the polyester business of the firm.^[12] In 1966, Reliance Textiles Engineers Pvt. Ltd. was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat.^[13] On 8 May 1973, it became Reliance Industries Limited. In 1975, the company expanded its business into textiles, with “Vimal” becoming its major brand in later years. The company held its Initial public offering (IPO) in 1977.^[14] The issue was over-subscribed by seven times.^[15] In 1979, a textiles company Sidhpur Mills was amalgamated with the company.^[16] In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S

Script Name –RELIANCE

Expire Date-AUGUST

Strike Price-22OO CE

Buy Price –13

Call Duration-INTRADAY

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