New Delhi, Aug. 17 -- Reliance shares swung between gains and losses in intraday trade on the BSE on Monday, 17 August, in a range-bound market. Shares of Reliance Industries (RIL) opened at Rs.1,312.95 against its previous close of Rs.1,308 and touched their intraday high and low of Rs.1,318.90 and Rs.1,299, respectively. Around 1:35 PM, the stock was 0.81% up at Rs.1,318.60.

RIL share price traded volatily after the company announced a deal with Rolls-Royce to develop an indigenous engine for the Advanced Medium Combat Aircraft (AMCA).

Reliance Industries and Rolls-Royce on Friday, 14 August, announced they would collaborate on developing a sovereign combat aircraft engine for India's AMCA programme.

Under the proposed partnership, t...