RIL jumps 12.51% in eleven sessions

Reliance Industries rose 1.43% to Rs 1,553 at 14:40 IST on BSE, with the stock extending recent strong gains ahead of its Q1 results scheduled later this week.

Meanwhile, the S&P BSE Sensex was up 75.86 points or 0.24% at 32,096.61.

On the BSE, 1.99 lakh shares were traded on the counter so far as against the average daily volumes of 3.99 lakh shares in the past one quarter. The stock had hit a high of Rs 1,588.80, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,534.30 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.

Shares of Reliance Industries (RIL) have risen 12.51% in eleven trading sessions to its current market price, from its close of Rs 1,380.25 on 30 June 2017.

The stock had outperformed the market over the past one month till 14 July 2017, gaining 12.92% compared with 2.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.22% as against Sensex's 8.69% gains. The scrip had also outperformed the market in past one year, jumping 52.12% as against Sensex's 14.6% rise.

The large-cap company has equity capital of Rs 3251.74 crore. Face value per share is Rs 10.

RIL stock has surpassed Rs 5 lakh crore market capitalization for the first time in history.

RIL's telecom subsidiary Reliance Jio Infocomm (Jio) had announced on 11 July 2017 that Jio Prime Members can enjoy unlimited services for 3 months with Rs 399 plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services.

The company will announce its Q1 results on 20 July 2017. On a consolidated basis, net profit of RIL rose 11.5% to Rs 8053 crore on 42.1% rise in net sales to Rs 84823 crore in Q4 March 2017 over Q4 March 2016.

RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

Powered by Capital Market - Live News