Reliance Industries surge on earnings beat

Source : REUTERS
Last Updated: Mon, Jan 21, 2013 04:18 hrs
RIL to suspend oil and gas drilling - report

Shares of Indian conglomerate Reliance Industries Ltd rose 4.2 percent in pre-open trade, after posting a better-than-expected 24 percent jump in third-quarter net profit.

The company on Friday posted its first profit increase after four quarters of declining returns, buoyed by improving margins in its core oil refining business.

More from Sify: