Reliance Industries gains 1% post December quarter earnings

The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.

Shares of Reliance Industries (RIL) traded 1 per cent higher at Rs 2,460 on the BSE in Monday’s intra-day trade after the company’s October-December quarter (Q3FY23) performance came ahead of Street expectations.

At 09:49 am; RIL quoted 0.60 per cent higher at Rs 2,457.45, as compared to 0.72 per cent rise in the S&P BSE Sensex. The stock hit a low of Rs 2,431.15 after opening at Rs 2,450 on the BSE.

In recent past, RIL has underperformed the market. In past one