21 Jan 2020 | 11:26 PM

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COMPANYNEWS
RIL jumps nearly 2%; m-cap again hits Rs 9 lakh cr mark
  Reliance Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-22-2019
Shares of Reliance Industries (RIL) on Tuesday gained nearly 2 per cent with its market valuation hitting the Rs 9 lakh crore mark once again after the company posted a record quarterly net profit of Rs 11262 crore.


The scrip jumped 1.57 per cent to Rs 1437.65 -- its record high -- on the BSE.


On the NSE it rose 1.44 per cent to Rs 1436.85.


With this the market capitalisation (m-cap) of the company reached Rs 900000.39 crore.


The country`s most valuable company on Friday posted a record quarterly net profit of Rs 11262 crore as a steady rise in the share of its consumer businesses of retail and telecom countered lower earnings from traditional petrochemical and refining segment.


The oil-to-telecom conglomerate reported a net profit of Rs 11262 crore or Rs 18.6 per share in July-September up from Rs 9516 crore or Rs 16.1 a share in the same period of the previous financial year the company said in a statement.


RIL on Friday became the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.


Equity markets were closed on Monday due to assembly elections in Maharashtra.