RIL stock up 1%; D&M submits final report on ONGC-RIL row

US-based consultant DeGolyer and Mac-Naughton (D&M), in its final report has confirmed that oil and gas blocks owned by ONGC and Reliance Industries in the Krishna-Godavari Basin are connected and that over 11 billion cubic metres of gas migrated from the state firm's block to the one being operated by the private explorer.

Shares of RIL Ltd were up by 1% at Rs. 973. Report says that US-based consultant DeGolyer and Mac-Naughton (D&M), in its final report has confirmed that oil and gas blocks owned by ONGC and Reliance Industries in the Krishna-Godavari Basin are connected and that over 11 billion cubic metres of gas migrated from the state firm's block to the one being operated by the private explorer. 

The scrip opened at Rs. 966.4 and has touched a high and low of Rs. 976 and Rs. 965.8 respectively. So far 564498(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 312762.15 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1067 on 23-Jul-2015 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 992 and Rs. 962 respectively.

The promoters holding in the company stood at 45.21 % while Institutions and Non-Institutions held 31.77 % and 19.85 % respectively.

The stock is currently trading below its 100 DMA.