RIL gains 2.6%, at month peak of Rs 1,125

Reliance Industries (RIL) today rose over two per cent in the early trade at the Bombay Stock Exchange (BSE), boosted by the company's highest ever quarterly profit of Rs 4,923 crore, which it reported for the quarter ended September 30.

Mukesh Ambani-led RIL had on Saturday posted a net profit of Rs 4,923 crore, a jump of 27.8 per cent in the July-September quarter, as opposed to Rs 3,852 crore in a year-ago period.

Bolstered by the smart numbers, the company made a power-packed start on BSE, surging 2.66 per cent to touch its month high of Rs 1,125. Similarly, on the National Stock Exchange, RIL was trading at Rs 1,108.05, up 1.08 per cent.

RIL was also the second biggest contributor in the Sensex's gain after IT-bellwether Infosys Technologies.

RIL, the country's biggest firm by m-cap, had reported the good numbers on the back of higher revenues from gas sales and improved refining margins.

In terms of volume, over 17 lakh shares of the energy major changed hands on the two bourses within first 30 minutes of the trade.

Meanwhile, the BSE 30-share Sensex was trading higher by 294.60 points at 20,326.94.