Reliance Industries shares gain 2.5%; market-cap rises by Rs 19,974 cr after Q1 earnings
Shares of Reliance Industries Ltd (RIL) gained 2.5 percent on Monday after the company posted 6.8 percent rise in June quarter net profit
Reliance Industries (RIL) shares rose 2.52 percent to close at Rs 1,280.50 on the BSE
During the day, it jumped 2.84 percent to Rs 1,284.55
The company's market valuation also jumped Rs 19,973.81 crore to Rs 8,11,718.81 crore on the BSE
New Delhi: Shares of Reliance Industries Ltd (RIL) gained 2.5 percent on Monday after the company posted 6.8 percent rise in June quarter net profit.
The scrip rose 2.52 percent to close at Rs 1,280.50 on the BSE. During the day, it jumped 2.84 percent to Rs 1,284.55.
At the NSE, shares went up 2.32 percent to close at Rs 1,278.10.
The company's market valuation also jumped Rs 19,973.81 crore to Rs 8,11,718.81 crore on the BSE. RIL is also the country's most valued firm by market capitalisation (m-cap).
In terms of traded volume, 5.86 lakh shares of the company were traded on the BSE and over one crore shares on the NSE during the day.
The oil-to-telecom conglomerate reported a net profit of Rs 10,104 crore, or Rs 17.05 per share, in April-June, up from Rs 9,459 crore, or Rs 15.9 a share, in the same period of the previous financial year, the company said in a statement on Friday.
Standalone net profit of Rs 9,036 crore, up 2.4 percent over the previous year, was a record.
It clocked a record consolidated revenue of Rs 1,72,956 crore in June quarter on the back of robust retail sales.
(Disclosure - Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)
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Speaking at the event, Ambani said, "PM Modi has set the goal to reach 400 gw of renewable energy capacity by 2030. Out of this, Reliance will establish at least 100 gw of solar energy by 2030."