RIL shares jolted by CAG report

The CAG report and news that the petroleum regulator has rejected three new gas finds in its KG-D6 block led the shares of Reliance Industries to drop 2.4% on the Bombay Stock Exchange. HT reports.

The CAG report and news that the petroleum regulator has rejected three new gas finds in its KG-D6 block led the shares of Reliance Industries to drop 2.4% on the Bombay Stock Exchange.

HT Image

The scrip recovered a little to finally close out Monday at Rs 926.7, 1.8% below the closing price of Friday.

RIL emerged the second biggest loser among Sensex companies. Shares of the company weakened in initial trading hours itself, in the wake of Sunday's HT report, as investors became cautious on the negative news.

Experts advised investors to keep close eye on the news over the next few days.

"If serious investigation starts on the issue, then it can be cause of concern for the company," said SP Tulsian, an independent analyst.