DGH rejects 2 discoveries of Reliance; stock below Rs 1000

By admin on April 20th, 2011 217 views

Reliance Industries touched an intraday high of Rs 1,017.45 and an intraday low of Rs 999. At 14:00 hrs the share was quoting at Rs 999.45, down Rs 9.70, or 0.96%.

The Reliance stock fell on news that the Directorate General of Hydrocarbons (DGH) has rejected two discoveries of the company. According to CNBC-TV18 sources, the rejected discoveries were located in NEC 25 offshore. Now the company has to submit new proposal to the DGH. The DGH also rejected RIL’s KG D6 spending plan for FY11 and FY12.

It was trading with volumes of 1,789,195 shares. In the previous trading session, the share closed down 1.16% or Rs 11.80 at Rs 1,009.15.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 1021.80 999.45 -22.35 -2.19
5-Days 1023.90 999.45 -24.45 -2.39
7-Days 1005.30 999.45 -5.85 -0.58
15-Days 1050.65 999.45 -51.20 -4.87
1-Month 993.00 999.45 6.45 0.65
3-Month 994.85 999.45 4.60 0.46
6-Month 1047.45 999.45 -48.00 -4.58
9-Month 1056.05 999.45 -56.60 -5.36
1-Year 1061.80 999.45 -62.35 -5.87