Reliance Industries share surges over 6%, hits 52-week high on strong Q3 results
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Reliance Industries shares surge on earnings beat
(Reuters): Shares of Indian conglomerate Reliance Industries Ltd rose 4.2 percent in pre-open trade, after posting a better-than-expected 24 percent jump in third-quarter net profit.
The company on Friday posted its first profit increase after four quarters of declining returns, buoyed by improving margins in its core oil refining business.
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