The stock slipped further into the red to a low of Rs 1,908 -down 3% from the day's high. It finally ended down 4% at Rs 1,939. Around 1.71 million shares were traded on the BSE today.
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(Updated at 1100 hrs)
Reliance Industries has slipped 3.5% after reporting a slump in Q1 net profit.
The stock opened at Rs 1,965, touched a high of Rs 1,970 and then slipped to a low of Rs 1,915. The scrip is now trading at Rs 1,944, down 3.5% from the previous close. Around 295,387 shares have been traded on the BSE so far.
The company reported a fall of 11.5% in net profit to Rs 3,636 crore for the June quarter as compared to Rs 4,110 crore in the previous quarter, a year ago. Turnover also saw a major decline, down 23% to Rs 32,056 crore as compared to Rs 41,579 crore in the previous quarter, a year ago.
Meanwhile, Reliance Petroleum reported a net profit of Rs 105 crore for this quarter and the total income stands at Rs 7,646 crore in the quarter.
The stock today opened at Rs 121, touched a high of Rs 123 and slipped to a low of Rs 118. The scrip is now trading at Rs 120, down 4% from the previous close. Around 413,219 shares have been traded on the BSE so far.
