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Shares of Reliance Industries soar over 5 per cent


New Delhi :Shares of Reliance Industries today soared over 5 per cent after the company reported its highest ever quarterly net profit of Rs 6,720 crore for the three months ended September 30.

The stock jumped 5.24 per cent to Rs 960 on BSE. On NSE, it gained 5.23 per cent at Rs 959.90. The blue-chip was the top gainer on both Sensex and Nifty.

“Reliance Industries reported its quarterly numbers after market hours on Friday and posted better-than-expected result,” said Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Net profit for July-September of 2015-16 rose 12.5 per cent to Rs 6,720 crore, or Rs 22.8 per share, from Rs 5,972 crore, or Rs 20.3 a share, in the same period last fiscal, the company had said in a statement on Friday, post market hours.

Sales, however, fell 33.8 per cent to Rs 75,117 crore on benchmark crude oil prices halving.
Net profit after excluding exceptional items was up 4 per cent at Rs 6,468 crore.


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