The BSE Sensex was down 395.71 points, or 2.10%, to 18417.75, tracking global negativity.

On BSE, 32.90 lakh shares of the scrip were traded. The stock had an average daily volume of 8.53 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 2724 today, its all time high. It touched a low of Rs 2542 so far during the day. The stock had hit a 52-week low of Rs 1138.15 on 11 October 2006.

The scrip had outperformed the market in the one month to 11 October 2007, soaring 30.64% as against the Sensex's 21.34% gain. It had also outperformed the market in the past three months, galloping 48.69% against the Sensex's 23.19% rise.

India’s largest private sector firm and oil refiner has an equity capital of Rs 1393.51 crore. Face value per share is Rs 10. Its reserves stand at Rs 59.861.81 crore.

At the current price of Rs 2565, the scrip trades at a PE multiple of 27.38, based on Q1 June 2007 annualised EPS of Rs 93.66.

Earlier, expectations were running high of Reliance Industries announcing a stock split or bonus issue at the annual general meeting (AGM) which was held in Mumbai today, 12 October 2007. RIL stock price had surged over the past few days on such expectations.

Mukesh Ambani, chairman, Reliance Industries (RIL), today said the company will pursue organic and inorganic growth opportunities. The new Jamnagar refinery plant will be completed ahead of the scheduled time, and at half the capital cost at which international refineries are built, Ambani said while speaking at RIL's AGM in Mumbai.

Ambani also said the company will invest $4 billion in the hydrocarbons sector, and will double ethylene capacity at the Jamnagar unit to 3.2 million tonne. The Jamnagar refinery will also have a coke gastification complex by 2012.

Ambani said RIL would raise its paraxylene capacity to 4.5 million tonne a year from 1.9 million tonne a year in two phases. The company is also looking at expanding its petrochemical businesses in other regions like Egypt and Russia, he said. Going ahead, the company would focus on new sectors like retail, infrastructure and agro-rural industry, Ambani said.

RIL's net profit rose 28% to Rs 3,264 crore on a 14% increase in sales to Rs 28,056 crore in Q1 June 2007 over Q1 June 2006.

RIL's principal activity includes production and marketing operations of the petroleum refinery. The petrochemicals segment comprises production and marketing operations of petrochemical products.