RIL spurts to 52-week high ahead of Q3 results

Meanwhile, the BSE Sensex was up 143.82 points or 0.73% at 19,961.45

On BSE, 7.71 lakh shares were traded in the counter as against average daily volume of 3.84 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 893.10 in intraday trade today, 17 January 2013. The stock hit a low of Rs 860.45 so far during the day. The stock had hit a 52-week low of Rs 671 on 8 May 2012.

The large-cap company has equity capital of Rs 3228.49 crore. Face value per share is Rs 10.

Hardy Oil and Gas plc on 10 January 2013 said it is in negotiations with Reliance Industries (RIL), the operator of GS-01 exploration block located offshore the west coast of India, for increasing its interest in the block. Hardy Oil currently has 10% participating interest in this offshore exploration licence. Hardy Oil said that no agreement has been reached yet with RIL and any such agreement would be subject to Government of India's approval. Hardy Oil and Gas plc is an upstream oil and gas company focused on India.

RIL declares its Q3 December 2012 results tomorrow, 18 January 2013. The company's net profit fell 5.7% to Rs 5376 crore on 15% growth in net sales to Rs 90335 crore in Q2 September 2012 over Q2 September 2011.

RIL's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and infotel. RIL is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.

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