Reliance Industries rose 1.33% to Rs 901 at 14:04 IST on BSE, extending recent gains triggered by the firm's chairman Mukesh Ambani's statement that Reliance Jio will start commercial 4G telecommunication services around December 2015.
Meanwhile, the S&P BSE Sensex was up 261.03 points or 0.99% at 26,686.33.
On BSE, so far 1.74 lakh shares were traded in the counter as against average daily volume of 3.86 lakh shares in the past one quarter.
The stock hit a high of Rs 904.55 and a low of Rs 890 so far during the day. The stock had hit a 52-week high of Rs 1,106.95 on 13 June 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 June 2015, rising 2.4% compared with Sensex's 1.68% fall. The scrip had also outperformed the market in past one quarter, advancing 2.94% as against Sensex's 8.66% fall.
The large-cap firm has equity capital of Rs 3236.44 crore. Face value per share is Rs 10.
Shares of Reliance Industries (RIL) have risen 2.71% in two trading sessions from a recent low of Rs 877.20 on 11 June 2015, after the company's chairman Mukesh Ambani at the company's annual general meeting (AGM) said that Reliance Jio Infocomm will start commercial 4G telecommunication services around December 2015. The stock had risen 1.36% to settle at Rs 889.15 on Friday, 12 June 2015.
The financial year 2016-17 will be the first full year of commercial operations for Reliance Jio Infocomm, Ambani said in a speech during RIL's AGM in Mumbai on Friday, 12 June 2015.
Ambani said that RIL has embarked on a journey of investing over Rs 2 lakh crore in building new facilities and creating new businesses that will come to fruition in the next 12 to 18 months. These investments will build new capacities, strengthen the company's global positions, improve the return on capital and make the company's existing refinery and petrochemical businesses among the most competitive in the world.
Meanwhile, RIL on Saturday, 13 June 2015 said that its CFO has received summons from Mumbai Police in the matter concerning the road accident involving Ms. Jhanvi Ghadkar. This is being disclosed to the stock exchanges as he is a key managerial personnel, RIL said.
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 exploration, petrochemicals, retail and telecom sectors.
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