The shares of the company have a PE of 8.38x whereas the industry PE is 30.8x with an ROE of 17.5 per cent and an ROCE of 20.9 per cent.

Reliance Retail is the retail initiative of Reliance Industries Limited and is central to the group’s consumer facing businesses. Reliance Retail has been at the forefront of bringing about Retail revolution in India.

The market capitalization of BSE-listed companies was Rs 3,15,94,760 crore or approx. Rs 316 lakh crore as of October 09, 2023. 

On October 06, foreign institutional investors (FII) offloaded shares worth Rs 90.29 crore, while domestic institutional investors (DII) bought shares worth Rs 783.25 crore.

The stock has delivered remarkable returns, exceeding 200 per cent. As a result, the stock has turned out to be a multibagger stock.

The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Sensex Index is up by 12.65 per cent. 

The stock gave 25 per cent returns in 3 months and over 70 per cent in 6 months.

The stock gave 55.5 per cent returns to its investors from its 52-week low of Rs 48.25 per share.

IBHFL has a proactive approach to Asset Liability Management (ALM) and plans ahead for situations involving clustered repayments, as was seen in Q2FY24. In such instances, where regulatory permissions allow, the company uses its balance sheet liquidity to pre-pay or buy back outstanding debt