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This is an archive article published on April 21, 2011

RIL shares rise 1% ahead of Q4 results

Reliance Industries shares today rose by over one per cent on the Bombay Stock Exchange.

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Shares of the India’s most valued firm,Reliance Industries Ltd (RIL),today rose by over one per cent on the Bombay Stock Exchange on hopes of robust fourth quarter earnings to be announced later this evening.

RIL stock settled up 1.39 per cent at Rs 1,039.95 apiece on BSE. In intra-day session,the stock rose by 1.78 per cent to a high of Rs 1,044.

In a similar fashion,RIL scrip jumped by 1.30 per cent to close at Rs 1,039.25 on the National Stock Exchange.

“Shares of RIL were in demand ahead of the quarterly results to be announced this evening,” IIFL Head of Research (India Private Clients) Amar Ambani said.

The rise in the RIL stock helped the broader gauge Sensex end the session higher by 131.25 points at 19,602.23.

On the volume front,over 41 lakh RIL shares were traded on the two bourses during the day.

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