Reliance Industries fell 0.10% to Rs 809.60 at 10:36 IST on BSE after the company denied all allegations made by Aam Aadmi Party against the company and its chief Mukesh Ambani.
The company made the clarification after market hours on Tuesday, 25 February 2014.
Meanwhile, the BSE Sensex was up 45.78 points, or 0.22%, to 20,898.25.
On BSE, so far 34,000 shares were traded in the counter, compared with an average volume of 2.50 lakh shares in the past one quarter.
Trading in the counter was volatile. The stock rose 0.43% at the day's high of Rs 813.90. It fell 0.14% at the day's low of Rs 809.25. The stock hit a 52-week high of Rs 927.90 on 19 July 2013. The stock hit a 52-week low of Rs 765 on 28 March 2013.
The stock had underperformed the market over the past one month till 25 February 2014, falling 6.53% compared with the Sensex's 1.33% fall. The scrip had underperformed the market in past one quarter, sliding 4.81% as against Sensex's 1.20% rise.
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The large-cap company has an equity capital of Rs 3231.67 crore. Face value per share is Rs 10.
Reliance Industries (RIL) said it strongly denies all allegations made by Aam Aadmi Party (AAP) against RIL and Mukesh Ambani in their public meeting recently.
As stated earlier it is being reiterated that neither RIL nor Mukesh Ambani have or had any illegitimate accounts anywhere in the world, the company said in a statement.
RIL said it has business interests in several countries with turnover of thousands of crore in rupees. As a part of their normal business, these international subsidiaries of RIL deal with several global banks. These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India.
The continued tirade of baseless allegations being made by AAP against the company appears to be instigated by vested interests, the company said.
RIL's net profit rose 0.2% to Rs 5511 crore on 10.3% growth in net sales to Rs 103521 crore in Q3 December 2013 over Q3 December 2012.
RIL's gross refining margin (GRM) declined to $7.6 per barrel from $7.7 per barrel in Q2 September 2013 and $9.6 per barrel in Q3 December 2012.
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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