Reliance Industries rose 0.45% to Rs 889.55 at 13:49 IST on BSE after Moody's Investors Service reportedly said that RIL's credit metrics will improve over the next two years on completion of petrochemical and refinery projects.
Meanwhile, the S&P BSE Sensex was down 39.95 points or 0.14% at 27,846.26.
On BSE, so far 2.77 lakh shares were traded in the counter as against average daily volume of 4.31 lakh shares in the past one quarter.
The stock hit a high of Rs 895.05 and a low of Rs 879.45 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 20 April 2015, surging 3.66% compared with Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, sliding 1.73% as against Sensex's 3.12% fall.
The large-cap company has equity capital of Rs 3236.10 crore. Face value per share is Rs 10.
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According to reports, Moody's Investors Service said that high refining margins boosted Reliance Industries' (RIL) Q4 March 2015 earnings and the company's credit metrics would improve on completion of projects over next two years.
RIL's consolidated net profit rose 8.5% to Rs 6381 crore on 33.3% drop in turnover to Rs 70863 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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