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Reliance shares fall 2 per cent as markets react to results


Shares in India's largest private sector company by revenues, Reliance Industries fell by more then 2.5 per cent in trade, as investors remained disappointed with a poor set of revenues.

The stock was down at Rs 784 on the Bombay Stock Exchange.

Reliance Industries reported a net profit of Rs 5589 crores for Q4 2013, on revenues of Rs 84,198 crores.

The Reliance Industries board recommended a dividend of Rs. 9.00 (Rupees nine only) per share. The company has reported a gross refining margin of $10.1 per barrel, which is better than analyst estimate of $9.9 barrel. The company's petchem EBT margin was at 8.6 per cent.

Read more about: reliance
Story first published: Wednesday, April 17, 2013, 10:04 [IST]
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