RIL drops ex-dividend

Meanwhile, the S&P BSE Sensex was up 15.90 points or 0.08% at 19,954.94.

On BSE, 5,360 shares were traded as against average daily volume of 4.51 lakh shares in the past one quarter.

The stock hit a high of Rs 814.10 and a low of Rs 810.60 so far during the day. The stock had hit a 52-week low of Rs 673.50 on 4 June 2012. The stock had hit a 52-week high of Rs 954.80 on 21 January 2013.

The stock had underperformed the market over the past one month till 9 May 2013, rising 5.38% compared with the Sensex's 9.4% rally. The scrip had also underperformed the market in past one quarter, falling 5.33% as against Sensex's 2.33% rise.

The large-cap company has equity capital of Rs 3229.33 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.1% based on the closing price of Rs 818.10 on Thursday, 9 May 2013.

RIL on 30 April 2013 said that its telecom unit Reliance Jio Infocomm (India) has joined a consortium of telecom companies building an 8,000 kilometre submarine cable system to link Malaysia and Singapore with the Middle East. The Bay of Bengal Gateway (BBG) cable system, which will have connections to India and Sri Lanka, is expected to carry commercial traffic by end of 2014, RIL said.

RIL's net profit surged 31.9% to Rs 5589 crore on 1.2% decline in net sales to Rs 84198 crore in Q4 March 2013 over Q4 March 2012.

RIL's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and infotel.

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