Reliance Industries fell 0.94% to Rs 904.75 at 11:35 IST on BSE on profit booking after the stock rose 8.24% in the preceding nine trading sessions to Rs 913.35 on 21 October 2013 from a recent low of Rs 843.85 on 7 October 2013.
Meanwhile, the BSE Sensex was down 24.63 points, or 0.12%, to 20,869.26.
On BSE, 1 lakh shares were traded in the counter compared with average volume of 4.20 lakh shares in the past one quarter.
The stock hit a high of Rs 911 and a low of Rs 902.70 so far during the day. The stock hit a 52-week high of Rs 954.80 on 21 January 2013. The stock hit a 52-week low of Rs 761 on 21 November 2012.
The stock had outperformed the market over the past one month till 21 October 2013, rising 3.48% compared with the Sensex's 3.11% rise. The scrip had, however, underperformed the market in past one quarter, sliding 1.06% as against Sensex's 3.69% rise.
The large-cap company has an equity capital of Rs 3230.87 crore. Face value per share is Rs 10.
Reliance Industries' (RIL) net profit rose 1.5% to Rs 5490 crore on 14.2% growth in turnover to a record Rs 106523 crore in Q2 September 2013 over Q2 September 2012.
RIL's net profit rose 2.6% on 17.6% growth in turnover in Q2 September 2013 over Q1 June 2013.
RIL's gross refining margin (GRM) declined to $7.7 per barrel in Q2 September 2013, from $8.4 a barrel in Q1 June 2013 and $9.5 a barrel in Q2 September 2012. RIL said that the company's refining business performance during the quarter was positively impacted by increased crude throughput, stable middle distillate and naphtha cracks, and favourable exchange rate movement. This was partly offset by weak gasoline and solid products (pet-coke/sulphur) cracks, widening Brent-Dubai differential and lower domestic sales on weak demand.
RIL's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and broadband services.
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