RIL shares dive over 13%

RIL shares dive over 13%
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Highlights

Shares of Reliance Industries Ltd on Monday slumped as much as over 13 per cent amidst a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war.

New Delhi: Shares of Reliance Industries Ltd on Monday slumped as much as over 13 per cent amidst a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war.

On the BSE, the stock closed the counter at Rs 1,113.15, tumbling 12.35 per cent. During the day, it had plunged 13.78 per cent to hit a low of Rs 1,094.95.

Following similar movements on the NSE, the scrip dived 13.1 per cent to settle at Rs 1,104.5. Intra-day, it had hit a low of Rs 1,095 by declining 13.84 per cent.

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