Rubio meets Mukesh Ambani at Jamnagar; talks span energy security, data centres, US collaboration
Reliance Industries secured new business.
· Business Today Mkts
Reliance said the two US officials were given a first-hand look at the scale, advanced technology and integrated operations of its refining facilities.
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.
In this story
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