Reliance Industries

RILAn investment may be considered in the stock of Reliance Industries, as there are full chances of upside potential today.

Investment advisors are of the view that investors should buy Reliance Industries at around Rs 2725. The outlook appears positive. The upside price target is Rs 2,774.

Yesterday, the stock performed well, and closed at Rs 2,728.80 after making a gain of 0.3 percent.

Reliance Industries Ltd (RIL) has also declared that its wholly owned subsidiary Reliance Exploration and Production (REP) DMCC has signed the Production sharing Agreement (PSA) for two Exploration Blocks in Yemen on November 20, 2007.

RIL is already present in Yemen since 2001 when it was allocated block no 9, where substantial reserves of hydrocarbon. Recently RIL Reliance had also signed a production sharing contract in Oman.

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