Reliance Industries shares jump nearly 4% post earnings announcement
The Hindu
Reliance Industries stock soars 4% after reporting 2.4% rise in Q4 net profit, becoming top Sensex gainer.
Shares of Reliance Industries Limited on Monday (April 28) jumped nearly 4% after the firm reported a 2.4% rise in March quarter net profit.
The blue-chip stock climbed 3.60% to ₹1,346.90 on the BSE.
At the NSE, it surged 3.58% to ₹1,347 apiece.
The stock emerged as the biggest gainer among the Sensex and Nifty firms.
The 30-share BSE benchmark gauge jumped 778.49 points to 79,991.02 in morning trade. The NSE Nifty rallied 219.45 points to 24,258.80.
Reliance Industries Ltd. on Friday (April 25) reported a 2.4% rise in March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost.
Consolidated net profit of ₹19,407 crore, or ₹14.34 per share, in January-March — the fourth quarter of April 2024 to March 2025 fiscal (FY25) — was higher than ₹18,951 crore, or ₹14 a share, in the same period a year back, the company said in a statement.
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