Lower price realisation, ‘inspection shutdown’ hit RIL’s oil biz

Shares of RIL closed 0.01% higher at Rs 2,735.05, as compared with a 0.70% rise in the benchmark Sensex of the BSE on Friday. Financial results of the company were declared after market hours. On RIL share price movement, Santosh Meena, Head of Research, Swastika Investmart, said, Reliance has broken out of a multi-month consolidation pattern with a bullish flag formation near its 20-day moving average.

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