RIL rallies 9.7% in nine straight sessions

Reliance Industries rose 0.29% to Rs 1,514.85 at 11:48 IST on BSE, with the stock extending recent gains.

Meanwhile, the S&P BSE Sensex was up 214.51 points or 0.67% at 32,019.33.

On the BSE, 1.75 lakh shares were traded on the counter so far as against the average daily volumes of 4.02 lakh shares in the past one quarter. The stock had hit a high of Rs 1,522.05 and a low of Rs 1,506.70 so far during the day. The stock had hit a 52-week high of Rs 1,524.50 yesterday, 12 July 2017 and a 52-week low of Rs 932 on 9 November 2016.

The stock had outperformed the market over the past one month till 12 July 2017, advancing 14.49% compared with the Sensex's 2.28% rise. The stock had also outperformed the market over the past one quarter, gaining 11.55% as against the Sensex's 7.29% rise. The scrip had also outperformed the market over the past one year, surging 50.73% as against the Sensex's 14.37% rise.

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

Shares of Reliance Industries (RIL) have risen 9.75% in nine trading sessions to its current market price, from its close of Rs 1,380.25 on 30 June 2017.

Meanwhile, shares of RIL turned ex-dividend today, 13 July 2017, for dividend of Rs 11 per share for the year ended March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.73% based on the closing price of Rs 1,510.50 on BSE yesterday, 12 July 2017.

RIL's telecom subsidiary Reliance Jio Infocomm (Jio) 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.

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.

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