The company is looking at ramping up purchases to the earlier levels of about 5 million tonnes a year, says report.
Reliance Industries has acquired crude oil from Iran and is looking to strike long-term fixed quantity deal, according to reports.
Report says that the company is looking at ramping up purchases to the earlier levels of about 5 million tonnes a year.
“Re-established relationship with Iran, sourced crude oil post lifting of sanctions,” the company reportedly said in an investor presentation.
The scrip opened at Rs. 1042.7 and has touched a high and low of Rs. 1044.9 and Rs. 1012.75 respectively. So far 9518286(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 336594.09 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1070 and Rs. 1030.5 respectively.
The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.
The stock is currently trading above its 50 DMA.
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