Business Financials

RIL shares continue to rally after results, bonus announcement

RIL shares continue to rally after results, bonus announcement

NEW DELHI: The scrip of Reliance Industries Ltd (RIL) rose nearly 2 per cent today after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30 besides announcing bonus shares.

RIL’s stock gained 1.89 per cent to settle at Rs 1,616.10 on BSE. During the day, it rose by 2.43 per cent to Rs 1,624.80 — its multi-year high.

At NSE, shares of the company went up by 1.9 per cent to close at Rs 1,615.25.

The stock had gained nearly 4 per cent on Friday also. In two days, the company’s market valuation rose sharply by Rs 28,447.08 crore to Rs 5,25,513.08 crore.

On the volume front, 7.93 lakh shares of the company were traded on BSE and over 99 lakh shares changed hands at NSE during the day.

Oil-to-telecom conglomerate RIL on Thursday reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30.

RIL also announced one bonus share for every share held – the first such issue after 8 years and a dividend of Rs 13 a share.

PTI