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RIL consolidated Q3 net profit rises 12.5% to Rs13,101 cr
25 January 2021
Reliance Industries Ltd (RIL) has reported a 12.5 per cent increase in its consolidated net profit at Rs13,101 crore for the quarter ended 31 December 2020 against a net profit of Rs11,640 crore in the year-ago quarter on the back of robust growth in retail and digital services segments.
Reliance said its consolidated net profit grew more than 40 per cent sequentially, with Jio showing a 15.5 per cent QoQ growth in profit and 4.1 per cent rise in ARPU, adding that its profit also gained from rising demand for petrochemicals.
Mcap of 4 of top-10 valued firms jumps over ₹1 15 lakh crore; RIL biggest gainer
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M-cap Of 4 Of Top-10 Valued Firms Jumps Over Rs 1 15 Lakh Crore
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M-cap of four of 10 most valued firms reaches over Rs 1.15 lakh crore; RIL, TCS top gainers
The BSE benchmark scaled the 50,000-mark for the first time on Thursday
PTI | January 25, 2021 | Updated 16:08 IST
Last week, the 30-share BSE benchmark dipped 156.13 points or 0.31 per cent
Four of the top 10 valued firms added a total Rs 1,15,758.53 crore to their combined market valuation last week, helped by Reliance Industries which added Rs 71,033.44 crore to its market cap. The BSE benchmark scaled the 50,000-mark for the first time on Thursday. Last week, the 30-share BSE benchmark dipped 156.13 points or 0.31 per cent.
Reliance Industries Limited, Tata Consultancy Services (TCS), Hindustan Unilever Limited and Bajaj Finance witnessed a rally in their market valuation. On the other hand, HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank and Bharti Airtel suffered cumulative loss of Rs 48,941.18 crore in their valuations.