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DGH rejects 2 discoveries of Reliance; stock below Rs 1000

Reliance Industries touched an intraday high of Rs 1,017.45 and an intraday low of Rs 999. At 14:00 hrs the share was quoting at Rs 999.45, down Rs 9.70, or 0.96% on the NSE. DGH has rejected 2 discoveries of the company, quoting Sources, reports CNBC-TV18.

April 19, 2011 / 14:30 IST
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Reliance Industries touched an intraday high of Rs 1,017.45 and an intraday low of Rs 999. At 14:00 hrs the share was quoting at Rs 999.45, down Rs 9.70, or 0.96%.


The Reliance stock fell on news that the Directorate General of Hydrocarbons (DGH) has rejected two discoveries of the company.  According to CNBC-TV18 sources, the rejected discoveries were located in NEC 25 offshore. Now the company has to submit new proposal to the DGH. The DGH also rejected RIL's KG D6 spending plan for FY11 and FY12.


It was trading with volumes of 1,789,195 shares. In the previous trading session, the share closed down 1.16% or Rs 11.80 at Rs 1,009.15.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days1021.80999.45-22.35-2.19
5-Days1023.90999.45-24.45-2.39
7-Days1005.30999.45-5.85-0.58
15-Days1050.65999.45-51.20-4.87
1-Month993.00999.456.450.65
3-Month994.85999.454.600.46
6-Month1047.45999.45-48.00-4.58
9-Month1056.05999.45-56.60-5.36
1-Year1061.80999.45-62.35-5.87

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first published: Apr 19, 2011 02:00 pm

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