Stock in spotlight Next Week: Reliance Q4 profit doubles to Rs 13,227-Cr
Stock in spotlight Next Week: Reliance Q4 profit doubles to Rs 13,227-Cr

How Company Earnings Affect Stock Prices? A company’s profits have a direct tie to investor sentiment and how its stock performs on the market, so it’s important to know exactly how earnings affect stock prices. When a company’s earnings are up, its stock price is likely to follow,  from the next trading day.

At this point, Reliance Industries Ltd on Friday reported more than doubling of its March quarter net profit as consumer businesses of retail and telecom as well as petrochemicals saw sequential recovery on improved spreads offsetting continued weakness in refining business. Consolidated net profit of Rs 13,227 crore in January-March compared with Rs 6,348 crore earned a year back, the company said in a statement. The fourth-quarter net profit included Rs 797 crore exceptional item due to gain on sale of US shale assets. Revenue was up 13.6% to Rs 1,72,095 crore.

The Board of Directors of Reliance Industries Limited, at its meeting held on Friday, has recommended a Dividend of Rs. 7 per equity share of Rs. 10/- each for the financial year ended March 31, 2021. Dividend shall be paid on a pro-rata basis on partly paid equity shares in proportion to the face value paid-up.

Shares of Reliance Industries Limited on Friday closed in NSE at Rs.1995.90 as compared to the previous close of Rs. 2024.05. The total traded value of shares traded during the day was 1,83,952.88.


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