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Reliance Industries trades higher on the bourses

05 May 2020 Evaluate

Reliance Industries is currently trading at Rs. 1470.85, up by 35.45 points or 2.47% from its previous closing of Rs. 1435.40 on the BSE.

The scrip opened at Rs. 1451.05 and has touched a high and low of Rs. 1478.80 and Rs. 1447.00 respectively. So far 457108 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1617.80 on 20-Dec-2019 and a 52 week low of Rs. 875.70 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1494.50 and Rs. 1419.75 respectively. The current market cap of the company is Rs. 930614.21 crore.

The promoters holding in the company stood at 50.03%, while Institutions and Non-Institutions held 38.48% and 11.49% respectively.

Reliance Industries and its partner BP Plc of UK have pushed back the start of production from the second wave of discoveries in their eastern offshore KG-D6 block to end June because of restrictions on movement of people and material the nationwide lockdown has imposed. At current Brent oil price of around $26 per barrel, the gas from R-Series field in KG-D6 block will cost about $2.2 per million British thermal unit - lower than even the government mandated rate of  $2.39 for gas from state-owned ONGC fields.

The company is working on three projects in the KG-D6 block, where production from older fields stopped in February this year. It expects to achieve a peak output of around 28 million standard cubic metres per day by FY24 when all three projects are up and running. Reliance and BP are developing three sets of discoveries in KG-D6 block.

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.

Reliance Industries Share Price

1419.20 -16.50 (-1.15%)
11-May-2026 10:10 View Price Chart
Peers
Company Name CMP
Reliance Industries 1419.20
Indian Oil Corp. 140.75
BPCL 294.85
HPCL 377.75
MRPL 161.05
View more..

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