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Reliance Industries stock closes lower ahead of Q2 earnings

Reliance Industries stock closes lower ahead of Q2 earnings

The stock opened at Rs 961 level and touched high of 964 and low of Rs 948, before closing at Rs 957.

BT Online Bureau
  • New Delhi,
  • Updated Oct 13, 2014 4:48 PM IST
Reliance Industries stock closes lower ahead of Q2 earnings

The Reliance Industries Ltd (RIL) stock on Monday closed 0.26 per cent lower on the BSE, ahead of the meeting of the Board of Directors to announce the conglomerate's Q2 results.

The stock opened at Rs 961 level and touched high of 964 and low of Rs 948, before closing at Rs 957.

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The stock has risen 7.7 per cent since January 1, 2014 till today's market close.

For the first quarter of this fiscal, India's largest private company reported 13.7 per cent rise in net profit on higher gross refining margins.

The company's total income increased from Rs 99,895 crore for the quarter ended June 30, 2013 to Rs 106,614 crore in April-June this year.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Oct 13, 2014 4:33 PM IST
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