Reliance Industries (RIL) hit an over 2-year high of Rs 1,525, up 19% on NSE in early morning trade.
The stock was trading at its highest level since January 17, 2015. Thus far in the calendar year 2019, it outperformed the market by surging 19% as compared to 4% rise in the S&P BSE Sensex.
On thursday, april 18, Reliance Jio Infocomm (Jio), RIL’s telecom subsidiary, announced They are in their profit rises 64% to 840 crore in march quarter.
- RIL also reported 10% rise in fourth quarter profit at 10,362 crores
- Reliance Retail FY19 revenue crossed 1 lakh crores
- Reliance pills products from Amazon, Flipkart over e-comm launch
- The biggest offset partner in Rafale is DRDO with 9000 crores and RIL defence with 21,000 crores
These announcements triggered bulls in the market which surged the RIL shares to the end of the sky
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