Energy-to-telecom behemoth Reliance Industries (RIL) has surged over 9 per cent in three straight sessions to hit an all-time high of Rs 2,788.80 on Thursday. Market watchers say there is more to come from the Mukesh Ambani-led behemoth.
At 9:50 am, Reliance Industries shares were trading lower by 1.87 per cent onthe BSE
Reliance Industries shares shed nearly 2 per cent in a weak market after the country s most valuable company posted its Q4 numbers. Reliance Industries, post market hours on Saturday, reported that its net profit rose 108 per cent to Rs 13,227 crore in the quarter ended March 2021 from Rs 6,348 crore during the corresponding period a year ago. On a sequential basis, Reliance Industries profit rose 1 per cent from Rs 13,101 crore. At 9:50 am, the shares of Reliance Industries were trading at Rs 1957.15, lower by 1.87 per cent, on the BSE.
Reliance Industries revenues from operations rose 11 per cent to Rs 1.55 lakh crore. The oil-to-telecom giant s profit for the financial year came in at record Rs 53,739 crore with growth of 34.8 per cent, Reliance Industries said.