Reliance share price extended its gains to the second consecutive session, rising nearly 3 per cent in intraday trade on Tuesday, April 29, buoyed by the company’s better-than-expected March quarter (Q4) results. Reliance share price opened at ₹1,370.35 against its previous close of ₹1,368.50 and climbed 2.7 per cent to the level of ₹1405.95. Around 12:15 PM, India’s biggest stock in terms of market capitalisation traded at ₹1,404.60, up 2.64 per cent.
In the previous session, the stock rose 5.3 per cent on the BSE. Considering today’s high, the stock has risen 8 per cent in two sessions.
Q4 boost: Reliance share price on an uptrend
Reliance Industries beat Street estimates with a 6 per cent year-on-year growth in its consolidated profit for Q4FY25, led by a resurgence in its retail business and better realisations in the telecom segment. However, its core oil-to-chemicals (O2C) business remained under pressure.
Reliance reported consolidated profit of ₹22,434 crore in Q4FY25, higher than the ₹18,471.4 crore consensus estimate of analysts polled by Bloomberg.
Meanwhile, the company’s board also approved a fundraising plan of raising up to ₹25,000 crore through the issuance of listed, secured/unsecured, redeemable non-convertible debentures in one or more tranches on a private placement basis.
(This is a developing story. Please check back for fresh updates.)
About The Author
