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RIL slides on profit booking

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Capital Market
Last Updated : Mar 23 2016 | 1:01 PM IST

Reliance Industries lost 1.9% to Rs 1,028.55 at 12:42 IST on BSE, with the stock sliding on profit booking after recent gains.

Meanwhile, the S&P BSE Sensex was down 156.42 points or 0.62% at 25,174.07.

On BSE, so far 1.70 lakh shares were traded in the counter as against average daily volume of 6 lakh shares in the past one quarter. The stock hit a high of Rs 1,047 and a low of Rs 1,023 so far during the day. The stock had hit a 52-week low of Rs 796.75 on 30 March 2015. The stock had hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock had outperformed the market over the past one month till 22 March 2016, surging 8.94% compared with Sensex's 6.48% rise. The scrip had also outperformed the market in past one quarter, advancing 6.18% as against Sensex's 1.02% fall.

The large-cap company has equity capital of Rs 3240.38 crore. Face value per share is Rs 10.

Shares of Reliance Industries (RIL) had gained 3.24% in the preceding three trading sessions to settle at Rs 1,048.50 yesterday, 22 March 2016, from its close of Rs 1,015.55 on 17 March 2016.

On consolidated basis, RIL's net profit rose 38.7% to Rs 7290 crore on 27% decline in net sales to Rs 68261 crore in Q3 December 2015 over Q3 December 2014.

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RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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First Published: Mar 23 2016 | 12:42 PM IST

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