RIL AGM fails to enthuse mkts, share falls 0.65 pc
The shares of Reliance Industries Ltd (RIL) today fell by 0.65 per cent on the Bombay Stock Exchange, even as its chief Mukesh Ambani said the company has outlined its growth plan that focuses on adding oil and gas properties overseas.
By PTI |
MUMBAI: The shares of Reliance Industries Ltd (RIL) today fell by 0.65 per cent on the Bombay Stock Exchange, even as its chief Mukesh Ambani said the company has outlined its growth plan that focuses on adding oil and gas properties overseas.
The country's most valued company settled the day at Rs 2,133.75, down 0.65 per cent from its previous close on the BSE. During the day, the scrip shuttled between Rs 2,106 and Rs 2,163. This has seen the market capitalisation (M-cap) of the petrochemicals giant falling by Rs 2,300 crore to Rs 3,50,601 crore from Rs 352,901.36 crore on Monday.
On the National Stock Exchange, the scripts fared worse with a 1.42 per cent drop to Rs 2,123.
Explaining the fall in the RIL counter marketmen said, "investors got disappointed as there was no big-bang announcement at the AGM."
RIL today outlined its growth plan focusing on adding oil and gas properties overseas and to help strike a balance between domestic as well as international operations.
Addressing the shareholders at its 35th AGM here today, RIL chairman and managing director Mukesh Ambani said, "Reliance continues to accrue oil and gas properties overseas. These overseas initiatives would reinforce the domestic effort."
"It will also bring a better balance between domestic and international operations as well as between onshore and offshore properties," Ambani added.
On the volume front, over 38.81 lakh RIL shares changed hands on the two bourses today.
The BSE barometer Sensex settled the day at 17,050.65, netting a gain of 18.14 points or 0.11 per cent over its last close.
The country's most valued company settled the day at Rs 2,133.75, down 0.65 per cent from its previous close on the BSE. During the day, the scrip shuttled between Rs 2,106 and Rs 2,163. This has seen the market capitalisation (M-cap) of the petrochemicals giant falling by Rs 2,300 crore to Rs 3,50,601 crore from Rs 352,901.36 crore on Monday.
On the National Stock Exchange, the scripts fared worse with a 1.42 per cent drop to Rs 2,123.
Explaining the fall in the RIL counter marketmen said, "investors got disappointed as there was no big-bang announcement at the AGM."
RIL today outlined its growth plan focusing on adding oil and gas properties overseas and to help strike a balance between domestic as well as international operations.
Addressing the shareholders at its 35th AGM here today, RIL chairman and managing director Mukesh Ambani said, "Reliance continues to accrue oil and gas properties overseas. These overseas initiatives would reinforce the domestic effort."
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"It will also bring a better balance between domestic and international operations as well as between onshore and offshore properties," Ambani added.
On the volume front, over 38.81 lakh RIL shares changed hands on the two bourses today.
The BSE barometer Sensex settled the day at 17,050.65, netting a gain of 18.14 points or 0.11 per cent over its last close.
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