Around 389 million shares, representing 2.3% equity stake, changed hands on BSE via block deals
Of the 33 CBM bearing blocks awarded so far, gas is being produced from only four
Nearly 396 million shares representing 12.58% of total equity capital of RIL changed hands on BSE
The difference in market capitalisation between the two bluechip companies is just 15%
The stock was up 4.4% to Rs 1,288 on BSE in intra-day trade, also its highest level since May 2008.
The rally has also propelled the company to cross the Rs 4 lakh cr market capitalisation
The stock rallied 6% to Rs 1,255, surged 17% in past four trading sessions.
JioMoney was launched last week to enable users pay for their rides on Uber
Competition heats up in telecom space
The stock rallied 8% to Rs 1,172, up 8% on NSE in intra-day trade.
Bharti Airtel and Idea Cellular had rallied more than 15% each in past one month.
Unit to produce 60,000 tonnes of the product a year; RIL owns 75% in JV with Russian firm SIBUR
RIL's bulk high-speed diesel sales have seen healthy growth in the past few quarters
MUMBAI (Reuters) - Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.
At 10:19 am; the stock was trading 2.4% lower at Rs 1,050, extending its Monday's 1.2% decline on the BSE.
Company expects Ebitda to increase in FY18 due to project completion
In November, the government slapped a $1.55-billion penalty on RIL
RIL is also expected to launch Jio's VoLTE feature phones with prices staring at Rs 999
The oil to telecom conglomerate has been in news for various developments in the last three months
Thus far in December, the stock has outperformed the market by gaining 9% as compared to 0.22% fall in Sensex.