Net profit of the refinery major plus profit figures of the new venture of the company Reliance Jio made the company to rally in trade today.
The telecom business of Mukesh Ambani turned profitable in a span of just 9 months which reported a net profit figure of as much as Rs. 504 crore in the quarter ending December 2017.
The stock rallied as much as over 4% to reach a day's high of Rs. 974.5 on the BSE.
RIL reported a net profit higher by 25.1% on a year on year basis at Rs. 9423 crores.
Since mid-November 2017, the scrip of RIL in lines with expectations the scrip of RIL posted the highest ever gains in intra-day trade today.
Jio's momentum continues with competitive tariff plans and ARPU per customer is also better than expected.
At 1:52 pm , the stock was trading higher by 4.18% at Rs. 968.2 on the BSE.