| The stock failed to hold on to higher levels as profit-booking was witnessed across-the-board. After hitting an intra-day high of Rs 544, it closed at Rs 536.30, down 0.47 per cent from its previous close. More than 41.3 lakh shares changed hands at the counter. |
| "In spite of Reliance recording impressive second quarter results which were above market expectations, the stock ended lower on profit-booking at higher levels," said a leading BSE broker. |
| On the back of strong refining margins and firm petrochemical prices, Reliance Industries posted an impressive 38.7 per cent growth in net profit to Rs 1,752 crore, as compared with a net profit of Rs 1,263 crore in the same quarter last year. |
| Its net profit beat market expectations by a far margin which was expected in the range of Rs 1,585 crore to Rs 1,715 crore. |
| Reliance's total income net of excise surged 27 per cent to Rs 16,460 crore from Rs 12,944 crore. |
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