Reliance Industries shares rally ahead of announcement of results

Reliance Industries today will announce financial results for the third quarter of its current financial year.

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Before that, the stock of the company is being strengthened by about 1%, hence the stock market is also getting support. 

Explain that the analysts have estimated a huge increase of 40% in revenue of only 1%, but in revenue of Reliance Industries on a year-on-year basis. In this regard, with net income of Rs 1,39,300 crore, the company’s profit in the third quarter could be Rs 9,523 crore. 

Earlier, Reliance Industries’s profits increased by 17.9% and 53.6% in net earnings in the same period of the current financial year compared to the second quarter of FY 2017-18.
On the other hand, Reliance Industries’s share in the BSE has climbed up to Rs 1,147.80 in the business of Rs 1,141.00, with an increase of Rs 1,134.05, compared to the previous close level of Rs 1,141.00. At around 11.30 pm, it is running at Rs. 1,144.25 with the strength of Rs. 10.20 or 0.90%.

Earlier, Reliance Industries’s profits increased by 17.9% and 53.6% in net earnings in the same period of the current financial year compared to the second quarter of FY 2017-18.

On the other hand, Reliance Industries’s share in the BSE has climbed up to Rs 1,147.80 in the business of Rs 1,141.00, with an increase of Rs 1,134.05, compared to the previous close level of Rs 1,141.00. At around 11.30 pm, it is running at Rs. 1,144.25 with the strength of Rs. 10.20 or 0.90%.

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