RIL tanks nearly 5% post Q3 earnings
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New Delhi, Jan. 25 -- Shares of Reliance Industries Ltd (RIL) on Monday slumped nearly 5% after the company reported its earnings for the fiscal third quarter ended December. So far today, the scrip has touched a low of Rs1,953.40 apiece on the BSE, down as much as 4.69% from its previous close.
At 10.52am, shares traded at Rs.1,964.95, down 4.13% from its previous close, while the benchmark Sensex was little changed at 48,915.97.
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Mukesh Ambani-led RIL on Friday posted a consolidated net profit of Rs.14,894 crore, up 25.8% for the December quarter, beating analysts' estimates. However, RIL's consolidated revenue declined 18.6% from Rs.1.69 trillion a year ago to Rs.1.38 trillion, while ...
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