RIL jumps over 5% in two sessions

Reliance Industries rose 3% to Rs 1,027.30 at 12:52 IST on BSE, extending Monday's 2.11% rise triggered by the company's good Q1 June 2014 results.

The Q1 result was announced on Saturday, 19 July 2014. Shares of Reliance Industries (RIL) rose 2.11% to Rs 997.35 on Monday, 21 July 2014. It has risen 5.18% in two trading sessions from Rs 976.70 on 18 July 2014.

Meanwhile, the BSE Sensex was up 243.97 points, or 0.95%, to 25,959.14.

On BSE, so far 3.81 lakh shares were traded in the counter, compared with an average volume of 4.27 lakh shares in the past one quarter.

The stock hit a high of Rs 1,029.60 and a low of Rs 1,001.05 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 765 on 28 August 2013.

The stock had underperformed the market over the past one month till 21 July 2014, falling 3.90% compared with 2.43% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.95% as against Sensex's 12.96% rise.

The large-cap company has an equity capital of Rs 3233.68 crore. Face value per share is Rs 10.

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 attributed the increase in top line during the quarter to higher prices.

Operating profit before other income and depreciation rose 14.4% to Rs 8989 crore in Q1 June 2014 over Q1 June 2013, due to higher contribution from refinery, petrochemicals and oil and gas business, RIL said in a statement.

RIL's other income declined 17.47% to Rs 1974 crore in Q1 June 2014 over Q1 June 2013.

RIL's gross refining margin (GRM) improved to $8.7 per barrel in Q1 June 2014 from $8.4 per barrel in Q1 June 2013 but decreased from $9.3 per barrel in Q4 March 2014.

RIL's outstanding debt as on 30 June 2014 was at Rs 135769 crore as against Rs 138761 crore as on 31 March 2014. The company had cash and cash equivalents of Rs 81559 crore. These were in bank deposits, mutual funds, CDs and Government securities/bonds, RIL said in a statement.

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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