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RIL slips nearly 2% after June quarter result; here's what brokerages say

For the April-June period, RIL reported a profit befote tax (PBT) of Rs 8,542 crore against Rs 14,366 crore in the year-ago period.

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The company's net profit, however, rose about 31 per cent to Rs 13,233 crore against Rs 10,104 crore in the same quarter last year.

SI Reporter New Delhi
Shares of Mukesh Ambani-controlled Reliance Industries (RIL) slipped nearly 2 per cent on Friday, a day after the company reported its June quarter numbers for the fiscal year 2020-21 (Q1FY21). 

At 09:39 am, the stock was trading over 1.63 per cent lower at Rs 2,074 on the BSE. In comparison, the S&P BSE Sensex was trading 32 points or 0.09 per cent higher at 37,768 levels. During the session, the stock hit a low of Rs 2,070.70 against Thursday's close of 2,108.65.

RIL's shares had hit an all-time high of Rs 2,198.70 on July 27 whereas its 52-week low stands