As soon as the market opened, there was a huge jump in the shares of Reliance; Company made profit in every business in the second quarter
Reliance Share Price: This month many companies are announcing their quarterly results. In this result, the company gave information about its financial performance. Reliance Industries had announced its quarterly results after the market closed on Friday last week. After this, today the shares of the company are trading rapidly.
The country's top-1 firm had announced its quarterly results after the market closed on Friday. The company said in this announcement that all its companies have made a profit this quarter. The effect of these results is visible in the market today. Today there has been a tremendous rise in the shares of Reliance Industries.
The company said that its net profit increased by 27 percent in the September quarter. After this increase, the shares of Reliance Industries Limited rose by more than 2 percent on Monday morning. The stock rose 2.37 percent to Rs 2,319 on BSE. At the same time, on NSE it rose 2.34 percent to Rs 2,319 per share. Reliance Industries was the top gainer in Sensex and Nifty during morning trading.
When writing the news, shares of Reliance Industries were trading at Rs 2,318.90 per share with a gain of 53.10 points.
Reliance Industries Limited announced its September quarter results on Friday. In this, the company said that their net profit registered an increase of 27 percent. Apart from this, the income from the oil and gas business improved and the fashion and retail sector helped boost the retail revenue rapidly.
The oil-to-retail-to-telecom group's net profit in July-September stood at Rs 17,394 crore. The company said in a statement that its earnings a year ago were Rs 13,656 crore. The quarter-on-quarter net profit was also higher than the Rs 16,011 crore earned in the previous three months ended June 30.
The Reliance Industries firm, run by billionaire Mukesh Ambani, has expanded into fashion and lifestyle as well as retail and electronics sectors. The company also gave a very good performance in the retail business.
Apart from this, there was a marginal growth in the telecom's revenue as the company has not yet announced the tariff plan for 5G services. However, with the exodus of consumers from faster networks, there has been a surge in data consumption.
