Stock of the Day

Reliance (RS)

$301.06

-$1.60 (-0.5%)

Market Cap: $16.38B

About Reliance

Reliance, Inc. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Scottsdale, Arizona.

Recent News

• ICC Champions trophy: Reliance Jio rolls out Rs 195 JioHotstar plan (msn.com)
• Not Reliance or Infosys…, THIS company have largest employer among major publicly traded companies in India (msn.com)
• Not Mukesh Ambani’s Reliance, Narayana Murthy’s Infosys, this company has maximum employees among publicly traded companies in India, name is…. (msn.com)
• Mukesh Ambani's Reliance Jio launches new prepaid plan with 3-month subscription of…, validity of…, its price is… (msn.com)
• Reliance Steel & Aluminum Co. Shines in Earnings Call (tipranks.com)
• Reliance targets $325M in 2025 CapEx amid volume growth and robust acquisition pipeline (msn.com)
• Reliance, Inc. (RS) Q4 2024 Earnings Call Transcript (seekingalpha.com)
• Who is India’s highest revenue generator, Mukesh Ambani’s Reliance, Ratan Tata’s Tata Motors or HDFC Bank? (msn.com)
• Creditors take 99% haircut in Reliance Big insolvency resolution case (msn.com)
• Reliance raises dividend 9.1% to $1.20 per share (markets.businessinsider.com)