RIL moves higher ahead of Q1 results

Reliance Industries rose 1.1% to Rs 1,017.55 at 11:29 IST on BSE, with the stock registering gains ahead of its Q1 June 2016 results today, 15 July 2016.

Meanwhile, the S&P BSE Sensex was down 142.38 points or 0.51% at 27,799.73.

On BSE, so far 1.95 lakh shares were traded in the counter as against average daily volume of 2.55 lakh shares in the past one quarter. The stock hit a high of Rs 1,020.65 and a low of Rs 1,003.85 so far during the day. The stock had underperformed the market over the past one month till 14 July 2016, gaining 3.24% compared with 5.86% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 5.54% as against Sensex's 9.03% rise.

The large-cap company has equity capital of Rs 3242.71 crore. Face value per share is Rs 10.

On consolidated basis, Reliance Industries' (RIL) net profit rose 15.9% to Rs 7398 crore on 10.7% decline in net sales to Rs 60252 crore in Q4 March 2016 over Q4 March 2015.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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