RIL to report a 0.3 per cent year-on-year (YoY) rise in consolidated net profit at Rs 16,250 crore in the March quarter compared with Rs 16,203 crore in the year-ago quarter, JM Financial said.
Reliance Industries shares rose 3.52 per cent to hit a high of Rs 2,314.05 on BSE. This was the first session since March 14 when the scrip topped the Rs 2,300 level.
Mukesh Ambani-led Reliance Industries Ltd is all set to acquire German retailer METRO AG s cash & carry business in India for 500 million Euro or Rs 4,060 crore. According to a PTI report that quoted industry sources, the deal includes 31 wholesale distribution centres, land banks, and other assets owned by the German retailer in India.