Reliance Industries rises on heavy volumes

As of December 24, 2012 the company has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders.

Reliance Industries (RIL) is trading higher by about 2% at Rs 856 on back of heavy volumes on the Bombay Stock Exchange. The stock opened at Rs 841 and has seen a combined around 1.55 million shares changing hands on the counter in early noon deals against an average sub 2.5 million shares that were traded daily in past two weeks on both the exchanges.

The stock of Mukesh Ambani-led integrated firm has rallied 4.3% in past four trading sessions on report that natural gas producers like Reliance Industries should be allowed to charge market prices. The Bombay Stock Exchange benchmark index Sensex has gained 2.1% during the same period.

According to PTI report “The 12th Five Year (2012-17) Plan adopted by National Development Council (NDC), headed by the Prime Minister said, "Natural gas prices charged to producers must be determined by market forces.”

Currently, majority of the natural gas produced in the country is priced at $4.2 per million British thermal unit, which is almost a third of the rate at which gas in its liquid form, called liquefied natural gas or LNG, is imported, added report.

Meanwhile, the company informed the stock exchanges that, As of December 24, 2012 it has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders since it launched a buy-back in February 2012.

has targeted the maximum payout at Rs 10,440 crore for buyback, which would end on January 19, 2013.

image
Business Standard
177 22
Business Standard

Reliance Industries rises on heavy volumes

As of December 24, 2012 the company has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders.

SI Reporter  |  Mumbai 



Reliance Industries (RIL) is trading higher by about 2% at Rs 856 on back of heavy volumes on the Bombay Stock Exchange. The stock opened at Rs 841 and has seen a combined around 1.55 million shares changing hands on the counter in early noon deals against an average sub 2.5 million shares that were traded daily in past two weeks on both the exchanges.

The stock of Mukesh Ambani-led integrated firm has rallied 4.3% in past four trading sessions on report that natural gas producers like Reliance Industries should be allowed to charge market prices. The Bombay Stock Exchange benchmark index Sensex has gained 2.1% during the same period.

According to PTI report “The 12th Five Year (2012-17) Plan adopted by National Development Council (NDC), headed by the Prime Minister said, "Natural gas prices charged to producers must be determined by market forces.”

Currently, majority of the natural gas produced in the country is priced at $4.2 per million British thermal unit, which is almost a third of the rate at which gas in its liquid form, called liquefied natural gas or LNG, is imported, added report.

Meanwhile, the company informed the stock exchanges that, As of December 24, 2012 it has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders since it launched a buy-back in February 2012.

has targeted the maximum payout at Rs 10,440 crore for buyback, which would end on January 19, 2013.

RECOMMENDED FOR YOU

Reliance Industries rises on heavy volumes

As of December 24, 2012 the company has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders.

Reliance Industries (RIL) is trading higher by about 2% at Rs 856 on back of heavy volumes on the Bombay Stock Exchange. The stock opened at Rs 841 and has seen a combined around 1.55 million shares changing hands on the counter in early noon deals against an average sub 2.5 million shares that were traded daily in past two weeks on both the exchanges.

Reliance Industries (RIL) is trading higher by about 2% at Rs 856 on back of heavy volumes on the Bombay Stock Exchange. The stock opened at Rs 841 and has seen a combined around 1.55 million shares changing hands on the counter in early noon deals against an average sub 2.5 million shares that were traded daily in past two weeks on both the exchanges.

The stock of Mukesh Ambani-led integrated firm has rallied 4.3% in past four trading sessions on report that natural gas producers like Reliance Industries should be allowed to charge market prices. The Bombay Stock Exchange benchmark index Sensex has gained 2.1% during the same period.

According to PTI report “The 12th Five Year (2012-17) Plan adopted by National Development Council (NDC), headed by the Prime Minister said, "Natural gas prices charged to producers must be determined by market forces.”

Currently, majority of the natural gas produced in the country is priced at $4.2 per million British thermal unit, which is almost a third of the rate at which gas in its liquid form, called liquefied natural gas or LNG, is imported, added report.

Meanwhile, the company informed the stock exchanges that, As of December 24, 2012 it has purchased 46.22 million equity shares at a total consideration of Rs 3,359 crore from public shareholders since it launched a buy-back in February 2012.

has targeted the maximum payout at Rs 10,440 crore for buyback, which would end on January 19, 2013.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Gold rebounds on jewellers' buying, silver jumps Rs 280/kg Gold rebounds on jewellers' buying, silver jumps Rs 280/kg
  • Image via Shutterstock DII ownership in stocks at six-year high

STOCK WATCH

Company Price() Chg(%)
Trident 56.00 12.45
VST Inds. 2296.20 10.12
GRUH Finance 345.20 9.33
J B Chem & Pharm 336.60 7.90
Century Textiles 709.85 5.92
> More on BSE Gainers
Company Price() Chg(%)
Trident 56.45 13.13
Future Lifestyle 137.65 10.92
GRUH Finance 346.05 9.46
VST Inds. 2284.90 9.22
J B Chem & Pharm 336.50 7.71
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 49.70 -8.64
Shilpa Medicare 553.00 -7.82
Piramal Enterp. 1851.10 -5.41
Jaypee Infratec. 9.21 -4.76
Avanti Feeds 534.10 -4.20
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 49.40 -8.60
Shilpa Medicare 551.70 -7.87
IDBI Bank 70.45 -6.38
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1847.10 -5.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard