New Delhi: Shares of Reliance Industries (RIL) on Tuesday gained nearly 2 percent, with its market valuation hitting the Rs 9 lakh crore mark once again, after the company posted a record quarterly net profit of Rs 11,262 crore.
The scrip jumped 1.57 percent to Rs 1,437.65 -- its record high -- on the BSE.
On the NSE, it rose 1.44 percent to Rs 1,436.85.
With this, the market capitalisation (m-cap) of the company reached Rs 9,00,000.39 crore.
The country's most valuable company on Friday posted a record quarterly net profit of Rs 11,262 crore as a steady rise in the share of its consumer businesses of retail and telecom countered lower earnings from traditional petrochemical and refining segment.
The oil-to-telecom conglomerate reported a net profit of Rs 11,262 crore, or Rs 18.6 per share, in July-September, up from Rs 9,516 crore, or Rs 16.1 a share, in the same period of the previous financial year, the company said in a statement.
RIL on Friday became the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
Equity markets were closed on Monday due to assembly elections in Maharashtra.
(Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd which publishes Firstpost)
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Updated Date: Oct 22, 2019 12:46:59 IST