Reliance Industries rose 0.88% to Rs 876 at 10:32 IST on BSE after the company said that Reliance Jio Infocomm has signed a $750 million loan backed by Korea Trade Insurance Corporation on 7 May 2015.
The announcement was made during market hours today, 13 May 2015.
Meanwhile, the S&P BSE Sensex was up 350.86 points or 1.31% at 27,228.34.
On BSE, so far 52,000 shares were traded in the counter as against average daily volume of 4.22 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.47% at the day's high of Rs 881.15 so far during the day. The stock rose 0.42% at the day's low of Rs 872 so far during the day. The stock had hit a 52-week high of Rs 1,142.50 on 16 May 2014. The stock had hit a 52-week low of Rs 796.75 on 30 March 2015.
The stock had outperformed the market over the past one month till 12 May 2015, sliding 3.91% compared with Sensex's 6.93% fall. The scrip had also underperformed the market in past one quarter, declining 4.62% as against Sensex's 6.69% fall.
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The large-cap company has equity capital of Rs 3236.10 crore. Face value per share is Rs 10.
Reliance Industries (RIL) said that the loan for its subsidiary Reliance Jio Infocomm (RJIL) is guaranteed by RIL and will be primarily used to finance goods and services procured from Samsung Electronics and Ace Technologies Corp., which are being sourced for the infrastructure rollout of RJIL. This is the second round of financing for RJIL from Korean ECAs and the third overall between the group and Korean ECAs in three years highlighting the growing business with Korean organisations. It is also K-sure's largest deal in India. It has a door to door tenor of 12 years including a 2 year availability period and 10 year repayment period thereafter
RIL's consolidated net profit rose 8.5% to Rs 6381 crore on 34.8% decline in net sales to Rs 67470 crore in Q4 March 2015 over Q4 March 2014.
RIL is a diversified firm having presence in oil refining & petrochemicals, exploration, retail and telecom.
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