Reliance stock falls over 3% on reports of lower D6 reserves


21/06/2012 11:38 AST  The Hindu Business Line

Shares of Reliance Industries Ltd declined more than 3 per cent today after its Canada-based partner Niko Resources said that the firm’s flagging KG-D6 gas block holds 80 per cent less reserves than previously estimated.

After a weak opening, shares of the company further lost 3.49 per cent to touch a low of Rs 711.85 on the BSE.

Similarly, on the NSE the heavyweight stock dropped 3.49 per cent to Rs 711.60.

The stock was the worst performer among the BSE 30-scrip index Sensex.

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