Reliance Industries advanced 1.16% to Rs 1,630.05 at 12:03 IST on BSE after a foreign brokerage reportedly stated that it expects the company's gross refining margins to gain on a global supply glut concerns.
Meanwhile, the S&P BSE Sensex was up 69.67 points or 0.22% at 31,771.92.
On the BSE, 4.08 lakh shares were traded on the counter so far as against the average daily volumes of 4.20 lakh shares in the past one quarter. The stock had hit a high of Rs 1,634.90 and a low of Rs 1,619 so far during the day. The stock had hit a record high of Rs 1,665 on 3 August 2017 and a 52-week low of Rs 932 on 9 November 2016.
The stock had outperformed the market over the past one month till 4 September 2017, sliding 0.69% compared with the Sensex's 1.93% fall. The stock had also outperformed the market over the past one quarter, gaining 21.63% as against the Sensex's 1.37% rise. The scrip had also outperformed the market over the past one year, advancing 59.09% as against the Sensex's 11.11% rise.
The large-cap company has equity capital of Rs 3251.90 crore. Face value per share is Rs 10.
Reliance Industries' (RIL) consolidated net profit rose 28.3% to Rs 9079 crore on 28.4% growth in net sales to Rs 83471 crore in Q1 June 2017 over Q1 June 2016.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.
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