Reliance Infrastructure's shares zoom nearly 10% after company reports 19.5% rise in Q1 net profit

Shares of Reliance Infrastructure Ltd (RInfra) on Wednesday zoomed nearly 10 percent after the company reported a 19.5 percent rise in consolidated net profit for the first quarter ended 30 June

|Aug 14, 2019, 19:24:52 IST

New Delhi: Shares of Reliance Infrastructure Ltd (RInfra) on Wednesday zoomed nearly 10 percent after the company reported a 19.5 percent rise in consolidated net profit for the first quarter ended 30 June. The scrip jumped 9.66 percent to close at Rs 49.40 on the BSE. During the day, it climbed 12.98 percent to Rs 50.90. [caption id="attachment_4276137" align="alignleft" width="380"]

File image of Reliance Group chairman Anil Ambani. Reuters.[/caption]On the National Stock Exchange, shares advanced 8.32 percent to close at Rs 48.80 apiece. In terms of traded volume, 29.37 lakh shares were traded on the BSE and over four crore shares on the NSE during the day. Reliance Infrastructure Ltd on Tuesday reported a 19.5 percent rise in consolidated net profit to Rs 299.15 crore for the first quarter ended 30 June. The company had posted a consolidated net profit of Rs 250.14 crore in the year-ago period, RInfra said in a BSE filing. The company's income during the April-June quarter increased to Rs 6,074.09 crore, as against Rs 5,980.43 crore a year ago

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Reliance Infrastructure's shares zoom nearly 10% after company reports 19.5% rise in Q1 net profit

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South Korea economy grows faster than expected in Q2 as chip exports power recovery

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range

UK inflation cools further to 2.6% in June as transport and food prices ease