RIL stock slips nearly 3 percent on lukewarm Q4 results
Tuesday, 26 April 2011, 00:34 IST
By PTI
By PTI
Mumbai: Shares of corporate major Reliance Industries fell by nearly 3 per cent in morning trade on the BSE following the company's announcement of 14 percent growth in fourth quarter net profit to Rs 5,376 crore, which was lower than the expectations on Dalal Street.
The scrip of the country's most valued firm by market capitalisation slipped by 2.86 per cent to touch an early low of Rs 1,010.15 on the Bombay Stock Exchange (BSE).
In a similar fashion, the stock went down by 2.93 per cent to a low of Rs 1,010.10 on the National Stock Exchange.
On the volume front, over 8 lakh shares of the company were traded within the first few minutes of trade.
Reliance Industries had last week reported a 14 per cent increase in net profit to Rs 5,376 crore for the fourth quarter of the past fiscal as natural gas production from its mainstay field declined.
Meanwhile, the BSE's 30-share Sensex index was trading at 19,630.29 at 0945 hours, up 28.06 points.
The scrip of the country's most valued firm by market capitalisation slipped by 2.86 per cent to touch an early low of Rs 1,010.15 on the Bombay Stock Exchange (BSE).
In a similar fashion, the stock went down by 2.93 per cent to a low of Rs 1,010.10 on the National Stock Exchange.
On the volume front, over 8 lakh shares of the company were traded within the first few minutes of trade.
Reliance Industries had last week reported a 14 per cent increase in net profit to Rs 5,376 crore for the fourth quarter of the past fiscal as natural gas production from its mainstay field declined.
Meanwhile, the BSE's 30-share Sensex index was trading at 19,630.29 at 0945 hours, up 28.06 points.
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