The shares of Reliance Industries traded marginally higher on Monday, April 22, ahead of the company’s quarterly results for quarter and financial year ending March 31, 2024.
In a filing to the stock exchanges, RIL stated, “A meeting of the Board of Directors of the Company is scheduled to be held on Monday, April 22, 2024, to consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2024.”
Additionally, the board would deliberate on a proposal to recommend dividend payout to shareholders for the financial year 2023-24.
This marks the second dividend payout to shareholders by Reliance Industries for the fiscal year 2023-24. Previously, in August 2023, the oil-to-telecom-to-retail giant disbursed a dividend of Rs 9 per share for the fiscal year 2023-24.
Stocks Performance in Last One Year
In terms of stock performance, Reliance Industries shares have demonstrated positive returns across multiple time frames. Over the past month, the stock has given a commendable 2% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 31%, indicating a strong upward trend.
Year-to-date, Reliance Industries shares have surged by 14%, reinforcing the stock’s positive momentum in the current fiscal year. Looking at the broader picture, the stock has delivered an impressive return of over 26% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.
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