Technical analyst SP Tulsian has maintained 'hold' rating on Reliance Industries Limited stock.

According to analyst, the investors can hold the stock with a one-month target of Rs 1050.

Today, the stock of the company opened at Rs 991.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1187 and a low of Rs 901.45 on BSE.

Current EPS & P/E ratio stood at 59.70 and 16.75 respectively.

RIL and BP, on Feb 21, declared a historic affiliation across the full value chain including BP taking on a 30% equity stake in 23 oil and gas production sharing deals, which RIL runs in the country (India), comprising the developing KG D6 block, and the configuration of a 50:50 JV between the two firms for the sourcing and selling of gas in the Indian market.

BP will pay up RIL around $USD 7.2 billion, and completion adjustments, for the stakes to be adopted in the production sharing deals.

Future performance payments of around $1.8 billion could be paid based on discovery success, which leads to growth of commercial discoveries.

These payments and mutual investiture could amount to $20 billion.

Mukesh Ambani, CMD, RIL said, ``We are delighted to partner with BP, one of the largest energy majors and one of the finest deep water exploration companies in the world. This partnership combines the skills of both companies and will be focused on finding more hydrocarbons in the deep water blocks of India and significantly contribute to India’s energy security.``