Shares of Reliance Industries rose around a percent post the firm along with its British partner British Petroleum receiving conditional nod to pump USD 1 billion in KG-D6 block where urgent investments are needed to arrest fall in output.
An Oil Ministry-controlled oversight panel that overseas operations at KG-D6 fields, on Tuesday decided to approve annual operating and capital expenditure for fields that has been pending for past three years, sources told CNBC-TV18.
Meanwhile, RIL touched an intraday high of Rs 790.80 and an intraday low of Rs 783. At 09:27 hrs the share was quoting at Rs 790.00, up Rs 6.30, or 0.80%.
It was trading with volumes of 56,842 shares. In the previous trading session, the share closed down 0.20% or Rs 1.60 at Rs 783.70.
The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 12.92. The latest book value of the company is Rs 502.52 per share. At current value, the price-to-book value of the company was 1.58. The dividend yield of the company was 1.07%.
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