Reliance Industries fell 5.51% to Rs 835.05 at 14:42 IST on BSE on profit booking after the stock rose 9.95% in the preceding four trading sessions to Rs 883.75 on 2 September 2013 from a recent low of Rs 803.80 on 27 August 2013.
Meanwhile, the BSE Sensex was down 513.79 points, or 2.72%, to 18,372.34.
On BSE, 5.28 lakh shares were traded in the counter compared with average volume of 4.50 lakh shares in the past one quarter.
The stock hit a high of Rs 890.75 and a low of Rs 835 so far during the day. The stock hit a 52-week high of Rs 954.80 on 21 January 2013. The stock hit a 52-week low of Rs 760.10 on 3 September 2012.
The stock had outperformed the market over the past one month till 2 September 2013, rising 3.07% compared with the Sensex's 1.45% decline. The scrip had also outperformed the market in past one quarter, rising 9.70% as against Sensex's 4.42% fall.
The large-cap company has an equity capital of Rs 3230.65 crore. Face value per share is Rs 10.
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On 23 August 2013, Reliance Industries (RIL) and its partner BP announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62 kilometers from the coast in the Cauvery Basin and is the second gas discovery in the block. RIL is the operator with 70% equity and BP has a 30% share.
RIL's net profit rose 18.9% to Rs 5352 crore on 4.6% decline in revenue to Rs 90589 crore in Q1 June 2013 over Q1 June 2012. Operating profit before other income and depreciation rose 3.9% to Rs 7075 crore in Q1 June 2013 over Q1 June 2012. Other income rose 33.14% to Rs 2535 crore in Q1 June 2013 over Q1 June 2012, mainly on account of profit on sale of investments in the fixed income instruments and higher average liquid investments. RIL's revenue from exports rose 3.2% to Rs 57026 crore in Q1 June 2013 over Q1 June 2012.
RIL's gross refining margin (GRM) edged up to $8.4 per barrel in Q1 June 2013 from $7.6 a barrel in Q1 June 2012. It fell from $10.1 a barrel in Q4 March 2013.
RIL's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and broadband services.
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