Rubio at Jamnagar complex: Sergio Gor flags Reliance's investment in first new US refinery in 50 years
Reliance Industries flagged a risk.
· Business Today Mkts
Rubio, who is on a three-day visit to India, was accompanied by Gor and welcomed at the Jamnagar complex by the Ambani…
The analysis
Against that, the stock is +0.6% on the day at ₹1,209.00, and has returned -7.3% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -5.1% over the same period, so Reliance Industries is running 2.2 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.
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