RIL shares gain over 3% on positive earnings

RILMumbai: Shares of RIL on Monday rose over 3 percent after the company posted a 13.7 percent jump in its first quarter profit.

After making a positive start, shares of RIL gained 3.17 percent to Rs 1,007.75 on the BSE.

At the NSE, it jumped 3.19 percent to Rs 1,008. The stock was the top gainer among the blue-chips on both Sensex and Nifty during the morning trade.

Reliance Industries had on Saturday posted a 13.7 percent jump in its first quarter net profit to almost USD 1 billion, the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochem earnings and surge in US shale gas business.

The net profit in April-June rose to Rs 5,957 crore, or Rs 20.3 per share, up 13.7 percent from Rs 5,237 crore, or Rs 17.8 a share, in the same period a year ago. Turnover surged 7.2 percent to Rs 1,07,905 crore.--PTI