Reliance Retail: The revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24. Gross revenue was up 22.83 per cent to Rs 83,063 crore. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore.
Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) are trading at their record high. The RIL stock hit an all-time high of Rs 2658.95 on January 10, 2024 and fell to its 52-week low of Rs 2012.14 on March 20, 2023. RIL shares ended at Rs 2649.95 level, up 2.69% in the previous session on BSE. The stock saw high turnover of Rs 119.81 crore on BSE after 4.58 lakh shares changed hands on BSE. RIL stock has risen 12.24% in a year. It has seen low volatility in one year with a beta of 0.3.
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Reliance Industries shares ended at Rs 2,606 level, up 0.36% on January 5 against the previous close of Rs 2597.40 on BSE.
Reliance Industries shares ended at Rs 2,606 level, up 0.36% on January 5 against the previous close of Rs 2597.40 on BSE.
The acquisition after months of negotiations marks the Boston-based independent tower companys exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment.