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RIIL slips after weak Q4 result

Capital Market 

Reliance lost 1.4% to Rs 461.70 at 12:31 IST on after net profit dropped 65.21% to Rs 2.54 crore on 11.91% fall in total income to Rs 27.22 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 12 April 2018.

Meanwhile, the Sensex was up 194.78 points or 0.57% to 34,295.91

On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one quarter. The stock had hit a high of Rs 469.50 and a low of Rs 458.80 so far during the day. The stock had hit a 52-week high of Rs 684 on 2 January 2018 and a 52-week low of Rs 392 on 11 August 2017.

The small-cap company has equity capital of Rs 15.10 crore. Face value per share is Rs 10.

The board of directors of Reliance (RIIL) has recommended a dividend of Rs 3.50 per share for the year ended 31 March 2018.

Reliance is mainly engaged in the business of setting up/operating industrial infrastructure. Its main activities are providing services of of and raw water through its pipelines, on hire and other

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 12:41 IST