Reliance Industries shares rise on better earnings

Mumbai: Shares in Reliance Industries Ltd rise, after its June-quarter earnings beat estimates. RIL was trading up 2.7 per cent to 1002.65 rupees.

The energy conglomerate on Saturday posted a net profit of 59.57 billion rupees ($988 million) in the quarter ended June, rising from 52.37 billion rupees a year earlier. Revenue rose 7.2 per cent to 1.08 trillion rupees.

Analysts on average expected it to post a profit of 56.14 billion rupees, as per official reports.