A look at the performance of RIL’s share during the tenures of Murli Deora and Jaipal Reddy
Broadly, RIL's fortunes have declined since Jaipal Reddy became Petroleum Minister, replacing Murli Deora in early 2011.
By ET Bureau | Updated:
RIL, India’s most valuable private company, has experienced a roller-coaster ride in the stock market with peaks and troughs heavily influenced by its relationship with the political authorities.
Though the co-relation is complex and influenced by many factors, broadly RIL’s fortunes have declined since Jaipal Reddy became minister, replacing Murli Deora in early 2011.
The numbers are stark- market capitalisation has tumbled from a peak of Rs 4,67,537 crore on January 14, 2008, when Deora was ensconced in the oil ministry, to Rs 2,64,013 crore on August 16, though with huge fl uctuations in between.
A look at the performance of RIL’s share during the tenures of Deora and Reddy:
Though the co-relation is complex and influenced by many factors, broadly RIL’s fortunes have declined since Jaipal Reddy became minister, replacing Murli Deora in early 2011.
The numbers are stark- market capitalisation has tumbled from a peak of Rs 4,67,537 crore on January 14, 2008, when Deora was ensconced in the oil ministry, to Rs 2,64,013 crore on August 16, though with huge fl uctuations in between.
A look at the performance of RIL’s share during the tenures of Deora and Reddy:
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