RIL shares rise on better earnings
MUMBAI (Reuters) - Shares in Reliance Industries Ltd rise, after its June-quarter earnings beat estimates.
The energy conglomerate on Saturday posted a net profit of 59.57 billion rupees ($988 million) in the quarter ended June, rising from 52.37 billion rupees a year earlier. Revenue rose 7.2 percent to 1.08 trillion rupees.
Analysts on average expected it to post a profit of 56.14 billion rupees, according to Thomson Reuters data.
RIL was trading up 2.7 percent to 1003.05 rupees as of 9:33 a.m.
(Reporting by Indulal PM; Editing by Sunil Nair)