Reliance Industries Up For The Fourth Straight Trading Day

Reliance Industries Up For The Fourth Straight Trading Day

Reliance Industries (RIL) was up 1.9% at Rs 1,415, trading higher for the fourth straight trading sessions on the BSE.

Since Jun 14, in past four trading days, the stock has outperformed the market by gaining 8% as compared to 0.33% rise in the S&P BSE Sensex.

RIL and BP on Thursday, June 15 announced investment of capex of Rs 40,000 crore (US$6 billion) in KG-D6 over the next 5-7 years, targeting 30- 35mmsmcmd of gas production; and a strategic partnership in downstream marketing across conventional, unconventional, and renewable fuels; however the company has not provided details of the tie-up. Read more

Credits:www.business-standard.com

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