Wednesday, November 20, 2019

RIL pips BP Plc to become 6th largest energy company

The stock — which has risen 36% so far this year — is trading at 21 times FY20 estimated earnings and 3.5 times book value. The RIL stock ended up 2.47% at Rs 1,547 on the BSE Wednesday. RIL chairman Mukesh Ambani, with a net worth of $58 billion, remains the richest Asian.

from Energy-Industry-Economic Times https://ift.tt/2pB118v

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