Business Market 24 Jul 2017 RIL shares rally hig ...

RIL shares rally high post JioPhone, bonus share announcement

PTI
Published Jul 24, 2017, 6:27 pm IST
Updated Jul 24, 2017, 6:30 pm IST
RIL's stock gained 1.89 per cent to settle at Rs 1,616.10 on BSE and rose by 2.43 per cent to Rs 1,624.80.
Reliance Industries Limited (RIL) rose nearly 2 per cent on Monday.
 Reliance Industries Limited (RIL) rose nearly 2 per cent on Monday.

New Delhi: The scrip of Reliance Industries Limited (RIL) rose nearly 2 per cent on Monday after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30 besides announcing bonus shares.

RIL's stock gained 1.89 per cent to settle at Rs 1,616.10 on BSE. During the day, it rose by 2.43 per cent to Rs 1,624.80 -- its multi-year high.

 

At NSE, shares of the company went up by 1.9 per cent to close at Rs 1,615.25.

The stock had gained nearly 4 per cent on Friday also. In two days, the company's market valuation rose sharply by Rs 28,447.08 crore to Rs 5,25,513.08 crore.

On the volume front, 7.93 lakh shares of the company were traded on BSE and over 99 lakh shares changed hands at NSE during the day.

Oil-to-telecom conglomerate RIL on Thursday reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30.

RIL also announced one bonus share for every share held - the first such issue after 8 years and a dividend of Rs 13 a share.

 

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