Reliance Industries is very much in the limelight today. The stock which had closed at Rs.856.90 on Friday, opened today at Rs.865.10 and is currently at Rs.876.35, up 2.5%.

The stock is in the limelight after the Union Govt on Friday issued a new gas pricing formula, which stands doubled at $8.4/unit from the present rate, for all domestic output. This will come as a huge relief for RIL. The new prices will be effective 1^st April. And for a change, there is a level playing field wherein even the PSUs nominated will get gas at the same new price. This new price will be applicable for 5 years and is applicable to only KG-D6, post bank guarantee.