Can Reliance help bring Venezuelan oil back to market? Rubio says talks scheduled for Wednesday
Reliance Industries is in focus.
· Business Today Mkts
Rubio said Indian refiners had the technical capability to process Venezuela's heavy crude and could play a larger role as more oil from the South American country becomes…
The analysis
Against that, the stock is -0.8% on the day at ₹1,202.00, and has returned -9.4% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.6% over the same period, so Reliance Industries is running 5.8 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.
In this story
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