Reliance shares rally after strong Q1 earnings - The New Indian Express

Reliance shares rally after strong Q1 earnings

Published: 21st July 2014 11:19 AM

Last Updated: 21st July 2014 11:19 AM

Reliance Industries (RIL) shares gained on Monday after the company reported an increase of 13.75% in consolidated net profit for first quarter of financial year 2015 to Rs 59.57 billion.

Net sales for the quarter went up 7.32% Rs 1,046.4 billion for the quarter ended Jun. 30, 2014 over prior year period.

Other income declined 17.47% to Rs 19.74 billion for the quarter ended Jun. 30, 2014 as compared to Rs 23.92 billion in the same period last year.

Shares of the company are trading at Rs 1,005.00, up Rs 28.3, or 2.90% at the Bombay Stock Exchange (BSE) on Monday at 9:52 a.m.The scrip has touched an intra-day high of Rs 1,007.75 and low of Rs 996.95. The total volume of shares traded at the BSE is 166,554.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook