Reliance Industries is currently trading at Rs. 1289.95, up by 12.55 points or 0.98%, from its previous closing of Rs. 1277.40 on the BSE.
The scrip opened at Rs. 1280.80 and has touched a high and low of Rs. 1293.45 and Rs. 1280.55 respectively. So far 234262 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 03-May-2019 and a 52 week low of Rs. 1017.00 on 25-Oct-2018.
Last one week high and low of the scrip stood at Rs. 1304.00 and Rs. 1225.30 respectively. The current market cap of the company is Rs. 818566.50 crore.
The promoters holding in the company stood at 47.29%, while Institutions and Non-Institutions held 36.30% and 16.42% respectively.
Fitch Ratings has revised the outlook on Reliance Industries (RIL) to positive from stable due to the company's potential to further deleverage following its announcement to eliminate its net debt by March 2021.
Fitch has revised the outlook on RIL's Long-Term Local-Currency issuer default rating (IDR) to Positive from Stable and has affirmed the rating at 'BBB'. At the same time, the agency has affirmed the Long-Term Foreign-Currency IDR at 'BBB-' with a Stable Outlook, as RIL's Foreign-Currency IDR is capped by India's (BBB-/Stable) Country Ceiling of 'BBB-'.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.