RIL Settles Nearly 3% Higher

New Delhi: Shares of Reliance Industries Ltd (RIL) on Friday ended nearly 3 per cent higher after the firm reported a 7.4 per cent rise in the December quarter net profit. The bellwether stock ended at Rs 1,301.30 apiece, up 2.57 per cent on the BSE. During the day, it jumped 4.44 per cent to Rs 1,325.10. On the NSE, it climbed 2.64 per cent to settle at Rs 1,300 per share after swelling 4.70 per cent to Rs 1,326 during the day.

The company’s market valuation surged Rs 44,115.55 crore to Rs 17,60,967.69 crore. In volume terms, 15.14 lakh shares of the firm were traded on the BSE and 293.66 lakh shares on the NSE during the day. Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit as retail business rebounded, telecom earnings surged on higher tariffs and mainstay oil and petrochemicals business delivered consistent performance.