RIL edges higher ahead of Q2 results

Reliance Industries (RIL) rose 0.15% to Rs 961.70 at 9:38 IST on BSE ahead of its Q2 results today, 13 October 2014.

Meanwhile, the BSE Sensex was down 153.79 points, or 0.4%, to 26,138.63.

On BSE, so far 24,368 shares were traded in the counter, compared with an average volume of 3.01 lakh shares in the past one quarter.

The stock hit a high of Rs 964 and a low of Rs 959.40 so far during the day. The stock hit a 52-week high of Rs 1,142.50 on 16 May 2014. The stock hit a 52-week low of Rs 794 on 28 February 2014.

Meanwhile, RIL said on Saturday, 11 October 2014, that at the board meetings held on 11 October 2014, Reliance Jio Infocomm and Reliance Retail Ventures approved the appointment of Isha Ambani and Akash Ambani as directors on their boards. Reliance Jio Infocomm and Reliance Retail Ventures are subsidiaries of RIL. Isha Ambani and Akash Ambani are offsprings of RIL's Chairman Mukesh Ambani.

Isha Ambani graduated from Yale University with double majors in Psychology and South Asian Studies. She was a business analyst at McKinsey & company's New York office. Akash Ambani graduated from Brown University with major in Economics. He is closely involved in the development of products and digital services applications in Reliance Jio.

On a consolidated basis, RIL's net profit rose 13.7% to Rs 5957 crore on 7.2% growth in revenue to Rs 107905 crore in Q1 June 2014 over Q1 June 2013.

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 broadband services.

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