RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%
1 year, 7 months ago

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Business Standard  

Shares of Reliance Industries Limited were flat at Rs 2,483 apiece on the BSE in Monday's intra-day trade ahead of 46th annual general meeting. As of 10:55 am, shares of JFSL were up 4.7 per cent to Rs 222 apiece on the BSE, while the stock clinched itself as top Nifty50 performer, up 3.7 per cent on the NSE. In the past six trading sessions, the stock of JFSL has shed 17 per cent as against the pre-discovered price of Rs 261 per share in the special trading session a month back. In the recently concluded quarter, the conglomerate's consolidated net profit fell 6.09 per cent year-on-year to Rs 18,258 crore, whereas consolidated revenue from operations dropped 5.31 per cent YoY to Rs 2.1 trillion. Earnings before interest, tax, depreciation, amortisation, however, rose 5.1 per cent YoY to Rs 41,982 crore, led by consumer and upstream business.

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