Strait of Hormuz could become ‘redundant’ in the next five years: HSBC Group CEO
Reliance Industries is in focus.
· Business Today Mkts
The Iran war has exposed the world’s reliance on the strait, which previously carried about a fifth of global oil and liquefied natural gas (LNG) trade.
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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