New Delhi: Shares of Reliance Industries Ltd (RIL) on Monday ended nearly 4 per cent higher after the company reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in the core oil-to-chemicals segment.
The bellwether stock edged higher by 3.52 per cent to settle at Rs 1,466.80 on the BSE. During the day, it jumped 3.99 per cent to Rs 1,473.55.
At the NSE, the stock climbed 3.60 per cent to settle at Rs 1,467.90.
The company’s market valuation jumped by Rs 67,459.38 crore to Rs 19,84,943.09 crore.
The rally in Reliance shares also drove the equity markets higher. The 30-share BSE Sensex jumped 411.18 points or 0.49 per cent to settle at 84,363.37. The 50-s