‘Nobody is allowed to put a cap on sales’: Oil Secretary Neeraj Mittal on fuel purchase restrictions
Reliance Industries is in focus.
· Business Today Mkts
Private refiners Reliance Industries and Nayara Energy have restricted fuel sales at their retail outlets to limit losses from selling petrol and diesel below market rates.
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
- The immediate tone of coverage reads negative.
In this story
Related coverage
India may provide cheapest AI access to every citizen in 5-7 yrs: Jio exec
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
iPhone 17, 17 Pro Deals: Amazon vs Flipkart vs Reliance Digital - Who Is Offering Biggest Discount?