Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries Ltd with a short-term target.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 1940 to attain a target of Rs 2075.

The report further stated that, if the counter is successful to breach 2025, then it will create a huge breakout.

Today (July 23), the shares of the company opened at Rs 1999 on BSE. Current EPS & P/E ratio stood at 97.08 and 20.08 respectively. The share price has seen a 52- week high of Rs 2490 and a low of Rs 930 on BSE.

Reliance Industries, on July 22, said that it has lifted Rs 5 billion for working capital via short-term finance.

It is discovered that RIL arranged about 70 per cent of the amount through domestic banking institutions and mutual funds, and the rest from foreign institutions by issuing commercial paper.

The daily WC need of RIL stood at Rs 100 billion and it keeps on changing with the alteration in price of crude oil.

The Supreme Court asked RIL and RNRL to respond to the administration's prayer for announcing `invalid` their family contract on gas supply, and sent the affair for hearing on September 1.

The appeal, which has also sought a way for staying the June 15 order of Bombay High Court order, which asked RIL to provide gas to RNRL, would come in front of a three-judge bench.

The administration had also required the apex court to permit RIL to carry on gas sale to users except RNRL.