RIL shares down over 4% post Q3 earnings

Shares of Reliance Industries today fell by over 4 per cent despite reporting its highest-ever quarterly net profit of Rs 7,290 crore for the three months period ended December.
After a weak opening, the stock further went down by 4.31 per cent to Rs 998.60 amid profit-booking on BSE.
At NSE, shares of the company slipped 4.44 per cent to Rs 997.25.
Reliance Industries had yesterday reported highest-ever quarterly net profit of Rs 7,290 crore for the three months ended December on refinery margins spiking to seven-year high.
Net profit of Rs 7,290 crore, or Rs 24.8 per share, in October-December was 38.7 per cent higher than Rs 5,256 crore, or Rs 17.8 a share, in the same period a year ago, the company had said in a statement.

Sales, however, fell 24 per cent to Rs 73,341 crore on benchmark crude oil prices declining 42.7 per cent year-on-year.