RIL shares down over 1% on profit-booking

July 27, 2015 15:05

Shares of Reliance Industries on Monday fell by over 1 per cent on profit-taking amid an overall weak broader market even as the company reported highest quarterly profit in seven-and-a-half years on strong refining and petrochemical margins.

The stock opened the day on a positive note but later fell by 1.24 per cent to Rs 1,012.25 on BSE.

At the NSE, shares of the company were down 1.31 per cent to Rs 1,011.55.

On Friday, RIL had reported a standalone net profit of Rs 6,318 crore (Rs 63.18 billion) or Rs 19.5 per share in April-June quarter, which was 11.8 per cent higher than Rs 5,649 crore (Rs 56.49 billion) or Rs 17.5 a share in the same period a year ago.

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