Stocks

Reliance Industries rises ahead of Q4 results

Reuters | Updated on April 18, 2019 Published on April 18, 2019

Reliance Industries stock posts biggest intraday per cent gain in over two weeks.   -  Reuters

The stock is the biggest boost on the broader NSE index

Shares of Reliance Industries rise as much as 3.1 per cent to Rs 1,385, their highest since April 3. The stock posts biggest intraday per cent gain in over two weeks as the company is scheduled to report March quarter results later in the day.

Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake in co's refining and petrochemicals businesses, sources said on Wednesday. The stock is the biggest boost on the broader NSE index.

Reliance Industries was in talks to buy British toy store chain Hamleys, according to media reports. However, Reliance declined to comment.

Up to Tuesday's close, stock was up 19.84 per cent so far this year. The stock of Reliance Industries was ended higher by 2.79 per cent to Rs 1,382.90 in the BSE index while in the broader Nifty the stock closed 3.15 per cent higher at Rs 1,386.05

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 18, 2019
This article is closed for comments.
Please Email the Editor