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    RIL shares gain 2.5%; m-cap rises by Rs 19,974 crore after Q1 earnings


    RIL is the country's most valued firm by market capitalisation (m-cap).

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    The company's market valuation also jumped Rs 19,973.81 crore to Rs 8,11,718.81 crore on the BSE.

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    New Delhi: Shares of Reliance Industries (RIL) gained 2.5 per cent on Monday after the company posted 6.8 per cent rise in June quarter net profit.

    The scrip rose 2.52 per cent to close at Rs 1,280.50 on the BSE. During the day, it jumped 2.84 per cent to Rs 1,284.55.

    At the NSE, shares went up 2.32 per cent to close at Rs 1,278.10.

    The company's market valuation also jumped Rs 19,973.81 crore to Rs 8,11,718.81 crore on the BSE. RIL is also the country's most valued firm by market capitalisation (m-cap).

    In terms of traded volume, 5.86 lakh shares of the company were traded on the BSE and over one crore shares on the NSE during the day.

    The oil-to-telecom conglomerate reported a net profit of Rs 10,104 crore, or Rs 17.05 per share, in April-June, up from Rs 9,459 crore, or Rs 15.9 a share, in the same period of the previous financial year, the company said in a statement on Friday.

    Standalone net profit of Rs 9,036 crore, up 2.4 per cent over the previous year, was a record.

    It clocked a record consolidated revenue of Rs 1,72,956 crore in June quarter on the back of robust retail sales.
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    1 Comment on this Story

    Niveza Equity Research385 days ago
    RIL has recently reported potential acceleration in Q1FY20 results. The company has recorded 6.82 per cent yearly rise in profit at Rs 10,104 crore for the June quarter along with augmentation in income at Rs. 1, 56,976 crore Vs Rs. 1, 28,756 crore YoY. The stock is fundamentally strong too with TTM based EPS at Rs. 63.47 and P/E at 19.68x for the same period. The stock records current Earnings Yield at 7.77% along with PEG at 1.67x for the same period. Though in short term, refining and petrochemical segments may pose some headwinds for RIL, in line with some Geo- Political factors such as the US and China trade war, the stock seems lucrative for the long term investment backed by wise corporate strategies and acquisitions along with aggressive expansion and development of the telecom and retail segment of the company. Search Google for NIVEZA FREE Share Market Tips today.
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