Reliance May Need More Oil Assets to Boost Stock Trailing Valero, Sinopec

Reliance Industries Ltd., India’s biggest company by market value, must increase its oil and gas reserves to help boost shares that have lagged behind their global peers and benchmark indexes, investors said.
The Mumbai-based energy explorer and oil refiner has declined 7.8 percent in the past year while U.S.-based Valero Energy Corp. and China Petroleum & Chemical Corp. have each gained more than 24 percent.
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Source: Bloomberg