Shares of Reliance Industries (RIL) and State Bank of India (SBI) ended higher on Thursday, August 6, amid heavy trading activity. Around 41.65 million shares of the two companies, worth Rs 4,294 crore, changed hands across the BSE and NSE during the session.
Shares of the country’s largest listed firm (RIL) rose as much as 3.53% to an intraday high of Rs 1,325.2 before settling 3.52% higher at Rs 1,325 apiece on the NSE. A total of 23.37 million shares worth Rs 2,653.01 crore were traded in the stock across the BSE and NSE during the day, according to exchange data.
Meanwhile, SBI shares climbed 2.94% to an intraday high of Rs 1,086.1 before ending the session 2.84% higher at Rs 1,085 apiece. During the day, 18.28 million shares worth Rs 1,640.59 crore changed hands on the BSE and NSE.
The benchmark indices also ended the day on a higher note on Thursday. The NSE Nifty50 settled at 24,636, up 11.35 points, or 0.05%, while the BSE Sensex gained 373.76 points, or 0.48%, to close at 78,954.76.
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RIL vs SBI vs Nifty50
Both RIL and SBI are currently trading at lower valuations than the benchmark Nifty50. At the current market price, RIL commands a price-to-earnings (P/E) ratio of 19.65, compared with the Nifty50's P/E of 20.91, according to NSE data.
SBI, meanwhile, trades at a lower valuation than both RIL and the benchmark, with a P/E ratio of 12.02.
In terms of returns, SBI has outperformed both RIL and the benchmark index, delivering a return of 10.18% for year-till-date (YTD). In contrast, RIL shares have declined 15.91%, while the Nifty50 has fallen 5.78% over the same period, showed the NSE data.
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