Reliance Industries surge on earnings beat

Last Updated: Mon, Jan 21, 2013 04:18 hrs

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.

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