RIL shares up 2% on positive earnings

RIL shares up 2% on positive earningsMumbai: Shares of RIL Monday ended 2 percent higher after the company posted a 13.7 percent jump in first quarter profit.

RIL's scrip ended the day at Rs 996.20, up 2 percent on the BSE. In intra-day, it gained 3.17 percent to Rs 1,007.75.

At the NSE, the stock settled with a gain of 1.97 percent at Rs 996.

On the volume front, 4.26 lakh shares of the company changed hands at the BSE, while over 38 lakh shares were traded at the NSE during the day.

Reliance Industries (RIL) had on Saturday reported a 13.7 percent rise in first quarter consolidated net profit on the back of higher refining margin.

Consolidated net profit in April-June quarter at Rs 5,957 crore was 13.7 percent higher than Rs 5,237 crore in the same period a year ago.

The total income increased from Rs 99,895 crore for the quarter ended June 30, 2013 to Rs 106,614 crore in April-June this year. PTI