Stocks

RIL shares give up early gains, end flat

PTI New Delhi | Updated on January 08, 2018 Published on October 16, 2017

Shares of Reliance Industries today surrendered early gains to end flat despite the company posting a 12.5 per cent jump in its September quarter profit.

The stock ended at Rs 875.20 apiece, down 0.17 per cent on the BSE. During the day, the stock had gained 1.71 per cent to Rs 891.70.

On the NSE, shares of the company settled 0.03 per cent up at Rs 876.80.

In terms of equity volume, 6.31 lakh shares of the company were traded on the BSE and over 1 crore shares changed hands on the NSE during the day.

Oil-to-telecom conglomerate RIL on Friday reported a 12.5 per cent jump in the July-September quarter net profit after refining margin soared to nine year high and mobile telephony venture earned operational profit.

Net profit for the second quarter of the current financial year was Rs 8,109 crore, or Rs 13.7 per share —— higher than Rs 7,209 crore, or Rs 12.2 a share, in the same period of last fiscal.

Its total revenue was up 23.9 per cent at Rs 1,01,169 crore.

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Published on October 16, 2017
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