RIL up 2% on Saudi Aramco stake buy buzz; investors eye Q4 result due today

During the last one year, RIL stock has zoomed 43 per cent whereas the benchmark S&P BSE Sensex has gained 14 per cent.

Shares of Reliance Industries (RIL) climbed as much as 2.24 per cent in the early trade on Thursday after reports surfaced Saudi Aramco is in talks to acquire stake in the oil-to-telecom behemoth. 

Saudi Aramco, the world’s most profitable company in history, is learned to be in "serious discussion" to acquire up to 25 per cent stake in the refining and petrochemicals business of RIL, The Times of India reported on Wednesday.

Analysts see it as a good move for both companies. “For the deal to happen, the refining and petchem assets will need to be moved to a separate