InvestorQ : Reliance 6%gain what is reason
VINAYAK made post

Reliance 6%gain what is reason

Niti Shenoi answered.
2 years ago

There were 2 reasons for the gain in Reliance. Firstly, the correction was overdone after the deal with Aramco fell through. Investors realized it would actually be a good decision for RIL. Secondly, Reliance announced the transfer of all its gasification assets into a separate subsidiary. The idea was leverage on the rising prices of gas as well as the better prices for gas based entities, so as to make it an independent entity in the future. That propped prices.