Reliance Industries is currently trading at Rs 967.80, up by 6.05 points or 0.63% from its previous closing of Rs. 961.75 on the BSE.
The scrip opened at Rs. 964.40 and has touched a high and low of Rs. 969.75 and Rs. 958.35 respectively. So far 187310 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.50 on 16-May-2014 and a 52 week low of Rs. 794.00 on 28-Feb-2014.
Last one week high and low of the scrip stood at Rs. 1016.20 and Rs. 959.20 respectively. The current market cap of the company is Rs. 312895.96 crore.
The promoters holding in the company stood at 45.26% while Institutions and Non-Institutions held 30.78% and 20.65% respectively.
Global rating agency Fitch revised upwards outlook on Reliance Industries’ (RIL) long-term local currency rating at ‘BBB stable’ from ‘positive’. The company's better than expected US shale gas business offsets the dip in the domestic exploration business. The US shale gas’s contribution to the earnings of the exploration and production (E&P) business has risen to Rs 1,050 crore, out of the segmental earnings of Rs 1,860 crore in first half of fiscal. Fitch rating revision to stable with a positive outlook reflects continuing strong financial and operating performance.
RIL continues to consistently out-perform the regional refining margin benchmarks and its profitability from refining and mid-stream operations to improve further once the on-going investments for capacity addition and to improve efficiencies are completed over the next two to three years. However, it noted that the company faces challenges on domestic E&P business in the form of geological risks, with gas production from the KG D6 basin falling to 12.8 mmscmd in the first half of current fiscal from 13.8 mmscmd in FY14 and 26 mmscmd in FY13.
Reliance Industries is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1223.20 |
| Indian Oil Corp. | 130.75 |
| BPCL | 282.45 |
| HPCL | 360.35 |
| MRPL | 145.05 |
| View more.. | |
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