Reliance Industries gains 9% in two days post December quarter results

The stock was quoting 4.4 per cent higher at Rs 1,237, gaining 9 per cent in the past two trading days on BSE.

Shares of Reliance Industries (RIL) were quoting higher by 4.4 per cent at Rs 1,237 apiece at the fag-end of the trading session on Monday , gaining nine per cent in the past two trading days on BSE, after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter (Q3FY19). The company had logged profit of Rs 9,420 crore in the year-ago quarter.

Consolidated revenues came in at Rs 1,71,336 crore, a growth of 55.9 per cent as compared to Rs 109,905 crore in the corresponding period of the previous year. The company’s profit