Reliance Stock Down After Q4FY19 Numbers
Shares of Reliance Industries Limited (RIL) declined over 2.5pc in Monday’s mid-session, in spite of the company reported better than expected numbers for Q4FY19. As per earning numbers reported by the company, its revenue grew by 17.9pc on year basis (YoY) to Rs.1,41,634-crore. EBITDA came in at Rs.20,832-cr, up 12.8pc YoY. EBITDA margin contracted by 67-bps to 14.71pc, YoY. During mid-market session at 1.30pm, Share price of Reliance Industries Ltd was at Rs.1,351 down by Rs34.95 or 2.52pc, from its previous closing of Rs1,385.95 on the NSE. The stock has touched a high and low of Rs1,367 and Rs1,345, respectively. In comparison BSE Sensex quoted at 38793-mark down 347-points and the NSE Nifty50 was at 11627-mark, down 125-points. Read the full article