Reliance Industries on Friday reported a 13.5 per cent rise in consolidated net profit to a record Rs 11,640 crore in the third quarter ended December 31, 2019, on the back of continued rise in consumer businesses of retail and telecom. Reliance Jio also posted Rs 1,350 crore profit in Oct-Dec 2019 quarter, said its company statement. Earlier in the day, shares of Reliance Industries Friday closed nearly 3 per cent higher ahead of the announcement. The scrip of the country’s most valued firm jumped 2.79 per cent to close at Rs 1,580.65 on the BSE. During the day, it climbed 3 per cent to Rs 1,584.80.
At the NSE, it gained 2.80 per cent to close at Rs 1,581. With the rise in its share price, the company’s market valuation also moved up by Rs 27,243.11 crore to Rs 10,02,009.11 crore on the BSE.
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