Oil-to-telecom giant Reliance Industries Limited (RIL) scaled an all-time high of Rs 1,011.70 yesterday. But, today once again it succeeds to breaks its all-time & 52-week high of 1,011.70 and touched to a level of 1,023.50 in today’s trading session. The possibility of RIL’s stock price to go higher than Rs 1,023.50 in upcoming days.
Mukesh Ambani owned RIL reported a net profit of Rs 9,435 crore for the fourth quarter ended in March. However, in the same period, it reported the net profit of 8,046 crores.
Since the Reliance’s Jio is expecting to enter the IPO by the next year. The Jio helped Reliance Industries in expanding its telecommunication business. Even Its Jio’s net profit rose 1.2 percent to Rs 510 crore in Q4 and the revenue figure stood at Rs 7,218 crore.