Reliance Industries scrip falls nearly 4.5 per cent

Mumbai, April 20: Day’s after it came out with better-than-expected fourth quarter results, the scrip of the $66-billion oil-refining-to-retail-trade giant Reliance Industries fell by 4.46 percent in Monday’s trade. The blue chip company’s scrip fell by 41.30 points or 4.46 percent at Rs.885.55 from Friday’s close of Rs.926.85 per equity share.

The scrip fell to the day’s low by 5.18 percent at Rs.878.75 per equity share. During the day it touched a high of Rs.937.95 per equity share. On Friday, Reliance Industries had reported an 8.5 percent jump in its net profit for the fourth quarter of the 2014-15 fiscal at Rs.6,381 (over $1 billion), thanks to a jump in refining margins to $10.1 per barrel, which beat market expectations. The company’s stock had closed on Friday at Rs.926.85 a share, down 0.06 percent. (IANS)