Reliance Industries nears record high ahead of Q1 results; stock up 2%

The stock was up 2% higher at Rs 1,133 on the BSE, trading close to its record high of Rs 1,138 touched on July 20, 2018 in intra-day trade.

Reliance Industries (RIL) was trading 2% higher at Rs 1,133 on the BSE at 12:32 pm ahead of its June quarter (Q1FY19) results today (July 27, 2018) evening. The stock was quoting close to its record high of Rs 1,138 touched on last Friday, July 20, in intra-day trade.

Oil to telecom major RIL is expected to report a steady performance for Q1FY19. This would be on the back of higher petrochemical volumes, expected to partly offset a softening in the refining segment. In the new-age businesses of retailing and telecom (digital services), analysts expect earnings to slow down