3 days Ago
New Delhi, Apr 29 (PTI) Shares of Reliance Industries Ltd climbed over 2 per cent on Tuesday, extending the previous day's rally, after the firm reported a 2.4 per cent rise in the March quarter net profit. The stock went up by 2.
32 per cent to settle at Rs 1,400.30 apiece on the BSE. During the day, it rallied 3 per cent to Rs 1,410.
90. On the NSE, it climbed 2.19 per cent to Rs 1,398.
90 per share. The company's market valuation surged by Rs 1,35,662.05 crore to Rs 18,94,938.
18 crore in two days. The stock emerged as the biggest gainer among the Sensex firms. Shares of Reliance Industries Ltd on Monday jumped over 5 per cent.
Reliance Industries Ltd on Friday reported a 2.4 per cent rise in the March quarter net profit as store rationalisation in the retail business and improved margins in telecom helped offset weakness in the mainstay oil and petrochemicals business and higher finance cost. Consolidated net profit of Rs 19,407 crore, or Rs 14.
34 per share, in January-March -- the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement. (This story has not been edited by THE WEEK and is auto-generated from PTI).
