Reliance Industries rose 1.01% to Rs 1,579.90 at 9:37 IST on BSE after the company said it will make an offer for issuing non-convertible debentures worth Rs 2500 crore next week.
The announcement was made after market hours yesterday, 30 August 2017.Meanwhile, the S&P BSE Sensex was down 43.07 points, or 0.14% to 31,603.39.
On the BSE, 66,000 shares were traded in the counter so far, compared with average daily volumes of 4.08 lakh shares in the past one quarter. The stock had hit a high of Rs 1,588 and a low of Rs 1,570.30 so far during the day. The stock hit a record high of Rs 1,665 on 3 August 2017. The stock hit a 52-week low of Rs 932 on 9 November 2016.
The stock had outperformed the market over the past one month till 30 August 2017, falling 2.46% compared with 2.85% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.74% as against Sensex's 1.63% rise. The scrip had also outperformed the market in past one year, rising 47.84% as against Sensex's 11.23% rise.
The large-cap company has equity capital of Rs 3251.90 crore. Face value per share is Rs 10.
Reliance Industries (RIL) said the net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business, it said.
Meanwhile, RIL said it fixed 9 September 2017 as the record date for the proposed 1:1 bonus share issue of the company.
RIL's consolidated net profit rose 28.3% to Rs 9079 crore on 28.4% to Rs 83471 crore in Q1 June 2017 over Q1 June 2016.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.
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