Bank of America (BofA) picked Rs 44 crore worth stake in Reliance Industries (RIL) on Thursday via a block deal. Over 2.95 lakh equity shares were purchased via its affiliate BofA Securities Europe SA at a price of Rs 1,475.5 a piece which was at a 2% discount from the Wednesday closing price of Rs 1,504.05 on the BSE.
RIL shares today ended at Rs 1,488.45, down by Rs 15.60 or 1.04%.
The seller in the block deal was Kadensa Master Fund which sold as many shares at a price of Rs 1,475.5.
The energy-to-telecom conglomerate and India's largest company by market capitalisation at over Rs 20 lakh crore, RIL today announced rolling out 18-months of Google AI Pro access to Jio users for free, worth Rs 35,100, the company filing said.
RIL shares have outperformed benchmarks BSE Sensex and Nifty, delivering 1-year returns of 11% versus 5% and 5.8% returns, respectively by the headline indices in the same period.
Its shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 1,399.8 and Rs 1,359.7, respectively, according to Trendlyne data.
However, this rally has come amid high volatility with 1-year beta hovering around 1.2.
The Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 10% year-on-year growth in its consolidated Q2 net profit at Rs 18,165 crore versus Rs 16,563 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.
The company's revenue from operations in the quarter under review stood at Rs 2.59 lakh crore, which was up 10% over Rs 2.35 lakh crore in the corresponding quarter of the last financial year.
While PAT missed Street's estimate of Rs 18,643 crore, the topline beat estimates of Rs 2.51 lakh crore.
The gross revenue for RIL stood at Rs 2.83 lakh crore which was also up 10% on a YoY basis.
Read more: Reliance Industries Q2 Results: Cons PAT jumps 10% YoY to Rs 18,165 crore, revenue rises by 10%
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
RIL shares today ended at Rs 1,488.45, down by Rs 15.60 or 1.04%.
The seller in the block deal was Kadensa Master Fund which sold as many shares at a price of Rs 1,475.5.
The energy-to-telecom conglomerate and India's largest company by market capitalisation at over Rs 20 lakh crore, RIL today announced rolling out 18-months of Google AI Pro access to Jio users for free, worth Rs 35,100, the company filing said.
RIL shares have outperformed benchmarks BSE Sensex and Nifty, delivering 1-year returns of 11% versus 5% and 5.8% returns, respectively by the headline indices in the same period.
Its shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 1,399.8 and Rs 1,359.7, respectively, according to Trendlyne data.
However, this rally has come amid high volatility with 1-year beta hovering around 1.2.
The Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 10% year-on-year growth in its consolidated Q2 net profit at Rs 18,165 crore versus Rs 16,563 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.
The company's revenue from operations in the quarter under review stood at Rs 2.59 lakh crore, which was up 10% over Rs 2.35 lakh crore in the corresponding quarter of the last financial year.
While PAT missed Street's estimate of Rs 18,643 crore, the topline beat estimates of Rs 2.51 lakh crore.
The gross revenue for RIL stood at Rs 2.83 lakh crore which was also up 10% on a YoY basis.
Read more: Reliance Industries Q2 Results: Cons PAT jumps 10% YoY to Rs 18,165 crore, revenue rises by 10%
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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