|Bid||2,408.70 x 0|
|Ask||0.00 x 0|
|Day's Range||2,365.00 - 2,592.00|
|52 Week Range||2,016.25 - 2,856.15|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||27.55|
|Forward Dividend & Yield||7.00 (0.27%)|
|Ex-Dividend Date||Jun 11, 2021|
|1y Target Est||2,272.10|
Subscribe to Yahoo Finance Plus to view Fair Value for RELIANCE.NS
India has imposed special taxes on petrol and diesel exports to protect domestic supplies, accusing private oil refiners of cashing in on high international prices while “drying out their pumps” in the domestic market. Friday’s move will curb the windfall profits that were expected at India’s biggest private refiners, including Mukesh Ambani’s Reliance Industries and the partly Rosneft-owned Nayara Energy, which have been scooping up barrels of discounted Russian crude shunned by European buyers. As the rupee plumbs new lows against the dollar, breaking past Rs79 to the greenback on Friday, India is contending with tight domestic fuel supplies and struggling to control inflation, which is running above 7 per cent year on year.
The chairman of India’s most valuable company has begun the transition of power at the relatively young age of 65. Depending on how his plan plays out, it may end up as something of a model for generational wealth transfer in Asia.
(Bloomberg) -- India slapped taxes on fuel exports and local crude oil production to tap windfall gains from surging global prices. Mukesh Ambani’s Reliance Industries Ltd., the nation’s no. 1 fuel exporter, tumbled on the news.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsThe Wheels Have Come Off Electric VehiclesStock Doomsayers Vindicated in Historic First Half: Markets WrapHow Europe Became the