Reliance (RIL) Shares Hit Record High Ahead of Q4 Results

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The shares of Reliance Industries Limited (RIL) climbed nearly 3.6% to hit a new 52-week high of Rs 1,010.70 ahead of its March 2018 quarter results.

Reliance (RIL) Shares Hit Record High Ahead of Q4 Results

At a market value of Rs 6.4 lakh crore, it is India's second most valued firm. The Mukesh Ambani led Oil to telecom conglomerate giant is expected to report a billion dollar quarter profit once again.

Bloomberg analysts are expecting a 22.5 percent rise in revenue to Rs Rs 89,734 crore from the previous quarter and a 5.5 percent rise in the net profit to Rs 8,923 crore.

Its petrochemical segment is anticipated to show good results while the results of the aggressive pricing of Jio (services) strategy, which added 8.74 million users to its customer base in February is highly awaited news for many.

Story first published: Friday, April 27, 2018, 10:53 [IST]
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