Wednesday, January 24, 2001
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RIL, RPL shares edging up to 52-week highs 

Our Markets Bureau  
Mumbai, Jan 23: The three Reliance Group stocks -- Reliance Industries, Reliance Petroleum and Reliance Capital -- recorded a significant jump in volumes on Tuesday on the bourses ahead of their board meeting scheduled for January 31. Except Reliance Capital, both the other companies are moving closer to their 52-week-high level.

The prices of these three scrips marched northward both on the Bombay Stock Exchange (BSE) and on the National Stock Exchange (NSE). At the Reliance Industries counter, 1.80 crore shares were traded on both the bourses. Reliance Petro recorded a volume of 2.40 crore while the combined volume of Reliance Capital was 73 lakh shares.

The share price of Reliance Industries went up by 2.06 per cent to close at Rs 381.5 on BSE while on NSE it went up by 2.64 per cent to close at Rs 383.35. The scrip is very close to its 52-week high of Rs 385.3 on BSE and Rs 383.45 on NSE.

Reliance Petro went up by 3.14 per cent on BSE before closing at Rs 65.70 while at NSE it went up by 4.02 per cent to close at Rs 66.05. Reliance Petro is slowly moving towards it 52-week high at both bourses. Reliance Capital went up by 5.15 per cent on BSE to close at Rs 99 while on NSE it went up by 5.75 per cent before closing at Rs 99.35.In the first half of 2000-01, Reliance had a net profit of Rs 1,347 crores, an increase of 20 per cent over the corresponding period in the previous year. Rel Petro had recorded a net profit of Rs 726 crore.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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