Reliance Industries shares hold steady and outperform rivals
Updated
Updated · MarketWatch · May 8
Reliance Industries shares hold steady and outperform rivals
13 articles · Updated · MarketWatch · May 8
The stock closed at 1,435.70 rupees on Friday as the BSE Sensex fell 0.66% to 77,328.19 in a broadly weak session.
Reliance outperformed Gujarat State Petronet, down 2.63%, GAIL, down 0.46%, and Indraprastha Gas, down 2.27%.
Shares remain 10.89% below their 52-week high of 1,611.20 rupees reached on 5 January, while trading volume of 433,203 stayed well below the 50-day average of 1.4 million.
With its oil profits falling, is Reliance's green energy bet a true shield against the escalating Middle East crisis?
Amidst market chaos, why did a major Reliance competitor radically restructure its entire business through a merger?
A recent oil blockade rocked India. Are renewables now the key to its economic survival and national security?