Reliance

Sell Reliance Communications

Stock market analysts have suggested investors to sell Reliance Communications Sell Reliance CommunicationsLimited (RCom) stock as there are full chances of a downward trend in this stock.

Today, the stock opened weak at Rs 365, against its last closure at Rs 369.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.16 and 35.94 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 325 on BSE. 

Reliance Industries Strengthen Hold in Latin America

RIL, in collaboration with China National Petroleum Corporation (CNPC) and Reliance Industries Strengthen Hold in Latin America Argentina's Pluspetrol, have bagged rights on Block 155 to extract oil.

The block 155 lies in Southern highland region of Puno, next to the Bolivian border. Since April this yea, it has acquired 90 percent stake in Block 141 in Peru from Pan Andean Resources Plc, In May it acquired 50 percent in block 108 in Peru from Pluspetrol Energy SA, on June 29, it acquired 10% stake in lot 39 in northern Peru from Burlington Resources Inc, .

RIL To Begin Gas Production From D6 By Nov-End

The Mukesh Ambani-run Reliance Industries would start gas production from D6 RIL To Begin Gas Production From D6 By Nov-Endblock by the end of November. The company is also expected to start oil production from this segment of Krishna Godavari basin. 

It was disclosed by the chief directorate general of Hydrocarbon Mr. V K Sibal. He said that the company would produce 15,000 barrels of oil per day. It would decrease India’s dependence on oil import.

Reliance Capital Intraday Buy Call

Stock market analysts have maintained ‘buy’ rating on Reliance Capital stock with an intraday target of Rs 1145. 

According to them, interested traders can purchase the stock above Rs 1126 with a strict stop loss of Rs 1095. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1178. 
 
Shares of the company, on Thursday (Sep 18), closed at Rs 1123.70 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 4219379. Current EPS & P/E ratio stood at 42.74 and 27.65 respectively. The share price has seen a 52-week high of Rs 2925 and a low of Rs 822.50 on BSE. 

USD 3 Bn To Be Invested By Reliance On GSM Operations

Recently, Reliance Communications made the announcement that the company is investing around USD 3 billion for their upcoming GSM operations in the Indian market.

Reliance To Enter Insurance Business

A branch of the Anil Dhirubhai AmbaniGroup, Reliance Capital (R-Capital), is, now, eying on the insurance business. It is planning to invest Rs 2,000 crore in insurance businesses in the next three years. The company would also enter in the banking, home loans and consumer finance businesses as disclosed by the chairman of group, Mr Anil Amban, in a meeting between company officials and shareholders.

R-Capital Chairman, Anil Ambani told the shareholders that the group is working on many plans for next three years. The company would increase its distribution network from 4,000 to 20,000 cities across the country. The company also intends to venture into non-banking financial companies (NBFCs). It would start two separate companies for housing and consumer finance.

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