RIL Rallies Over 4% After Good Q3 Results, Jio's Profitability In 9 Months

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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.

RIL Rallies Over 4% After Good Q3 Results, Jio's Profitability In 9 Months

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.

Goodreturns.in

Read more about: ril ril q3 results reliance jio
Story first published: Monday, January 22, 2018, 13:58 [IST]
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