US Eyes India's Reliance To Refine Venezuelan Oil
Reliance Industries set out an expansion.
· NDTV Profit
Describing India as "a refining superpower", Rubio said the country has the capacity to handle Venezuelan crude, which is heavy and waxy and difficult to process.
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
Related coverage
Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
Jio Platforms IPO anchor investor quota nearly 30 times oversubscribed
Just Dial Q2 profit declines 9.73% to ₹107.8 cr despite 13% revenue growth
From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation
Jio IPO opens tomorrow: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota