Reliance Industries (RIL) is most likely headed for bumper gains from its exploration and production vertical in FY22. According to Harsh Dole, vice-president of IIFL, the commercialization of key gas discoveries of RIL are no less than a game-changer. “FY22 will be a watershed year for them (RIL) in the upstream business.

• HDFC Bank Shares Climb 3% on Strong Q1 Update
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban 
• Indian Hume Pipe Soars 9% on Rs 738 Cr Rajasthan Order
• Max Estates Jumps 6% as Q1 Pre-Sales Surges 5x

This is because the Deepwater R-Cluster field, commercialized in December 2020, has been ramped up and they have commercialized Satellite Cluster ahead of time. Gas production will itself be substantially higher than last year,” said Dole.

Stock Covered in the news

Reliance Industries Ltd-View Detailed Analysis