Reliance Industries (RIL) reported 22.89 per cent fall in consolidated net profit at Rs 7,206 crore for the quarter ended September 30, 2016 against Rs 9,345 crore in the corresponding quarter a year ago.
The combined market valuation of top seven companies declined by Rs 45,962.77 crore last week with IT majors -- Infosys and TCS -- taking the maximum hit.
S&P today affirmed the BBB+ rating on Reliance Industries with stable outlook, citing likely fall in its leverage due to improved operational performance.
Driven by a sharp rally in the stock market last week, the combined market valuation of top- 10 most valued Indian companies soared by a whopping Rs 98,598 crore, with ITC emerging as the biggest mover.
Five of the top 10 most valued domestic companies saw a combined erosion of Rs 21,458.26 crore in their market valuation last week, with RIL taking the biggest hit.
The combined market valuation of nine of the top 10 most valued Indian companies diminished by Rs 47,932.59 crore last week, with IT major TCS taking the biggest hit.
Reliance Industries (RIL) shares fell as much as 2.50 per cent in the morning trade despite the company reporting its highest quarterly net profit in over eight years
Index heavyweights such as Reliance Industries (RIL), HDFC Bank and IndusInd Bank announced their results for Jan-March quarter last week. The results were in line with expectations.
Reliance Industries (RIL) on Friday reported a 16 per cent year-on-year rise in the March quarter net profit to Rs 7,398 crore on the back of higher refining and petrochem margins.
Deposits of natural gas in the country’s difficult geographies, worth Rs 1.8 lakh crore, could get to be exploited over a 15-year period, unlocking investments in the sector by the likes of ONGC, Reliance Industries and GSP
In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 per cent for their undeveloped gas discoveries in difficult areas.
Reliance Industries shares fall after it on Tuesday reported its highest-ever quarterly net profit of Rs 7,290 crore for the three months ended December on refinery margins spiking to seven-year high.
